A group of businessmen, acting with the connivance of staff at a Mumbai branch, obtained nearly $2bn in trade loans without going through proper approval processes, Mumbai reporter Simon Mundy tells Patrick Jenkins, the FT's financial editor.

A transcript for this podcast is currently unavailable, view our accessibility guide.

Get alerts on News in Focus when a new story is published

Copyright The Financial Times Limited 2019. All rights reserved.
Reuse this content (opens in new window)

Comments have not been enabled for this podcast.

Follow the topics in this podcast