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Enforcement Directorate, SFIO lens on Rs 54-bn loans to Usha Martin group

Usha Martin's long-term issuer rating has slipped to IND BB+ and the enterprise placed on "Rating Watch Negative"

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Usha Martin

Subhomoy Bhattacharjee  |  New Delhi 



Usha Martin group

Both the Enforcement Directorate (ED) and the Serious Fraud Investigation Office (SFIO) has waded into the ~54-billion loan to the group owed to a consortium of lenders headed by State Bank of India. While the latter has asked the Registrar of to provide a report, the former would examine the case on a reference from the Prime Minister’s Office.

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First Published: Mon, March 12 2018. 07:07 IST

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