The biggest scam of 2020

<p>This week the CBI <a href="https://www.cnbctv18.com/finance/cbi-registers-2-cases-of-bank-fraud-of-rs-7926-crore-and-rs-314-crore-against-transstroy-7771691.htm" rel="noopener">booked</a> a Hyderabad based company, <strong>Transstroy India</strong> and its directors<strong> </strong>for an alleged bank fraud totalling ₹7,926 crore. For context, the Nirav Modi scam involved ₹7,700 crores. So yeah, we need to talk about this story because this is likely going to turn into another bad loan.</p> <p>Sigh!</p>