Bhushan Steel's Fall From Fortune to Fraud

23/09/2025 10 min Episodio 70
Bhushan Steel's Fall From Fortune to Fraud

Listen "Bhushan Steel's Fall From Fortune to Fraud"

Episode Synopsis

Bhushan Steel was among India's largest secondary steelmakers. It rode high on India's infrastructure boom, expanding operations fueled by massive debt. Its growth came to a screeching halt when the promoters and senior officials were accused of multi-thousand-crore accounting fraud involving shell companies, fake invoices, fund diversion, and round-tripping.
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