IVRCL loan fraud
IVRCL loan fraud (also referred to as the IVRCL bank fraud case) was a major corporate banking fraud case in India involving Hyderabad-based infrastructure company IVRCL Limited. In December 2020, the Central Bureau of Investigation registered a case accusing the company, its Managing Director E. Sudhir Reddy, Joint Managing Director R. Balarami Reddy, and unknown public servants of defrauding a consortium of public sector banks of approximately ₹4,837 crore (about US$580 million as of 2020).