Euro Exim Bank has been making headlines over the past few days due to a major scandal involving the issuance of fake guarantees for several projects in the Telugu states. The scam was exposed through a thorough investigation by RTV, which has published a series of articles that meticulously detail the fraudulent activities.
RTV’s investigative reports have revealed that these guarantees, initially believed to be legitimate support for various development projects, are in fact fraudulent. The bank guarantees on record with RTV have been closely examined, uncovering that they are part of a broader scheme involving hundreds of undisclosed and potentially fake guarantees issued by Euro Exim Bank.
This revelation has sparked significant concern about the legitimacy of numerous projects in Andhra Pradesh. The ongoing coverage by RTV continues to bring the depth of the scam to light, highlighting the urgent need for further investigation and accountability.
Bank of Maharashtra Advising for Euro Exim Bank-pages
UBI Advising copy of 5.73 Crore INR BG To Katni Ordnance Factory – Aug 2 2022 – 18-20
Gov Chennai Water Supply Scheme
SBI
These are the list of Euro Exim Bank Ltd’s Bank Guarantee’s to Andhra Projects
