India watchdog links over $500m Bhushan Power assets to fraud probe

India watchdog links over $500m Bhushan Power assets to fraud probe

Photo: Reuters

India’s financial fraud agency said on Saturday assets worth 40.25 billion rupees ($567.60 million) of Bhushan Power & Steel Limited were connected with a money-laundering probe, a move that could scupper the debt-ridden firm’s sale to JSW Steel Ltd.

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