Virendra Rastogi, Anand Jain and Gautam Majumdar

bbc.co.uk reports that the three former heads of RBG Resources will face a combined 25.5 years in jail for stealing $700M from creditors. By creating 300 false clients, they were able to convince banks to give them cash advances. The full larticle can be read here.

July 16, 2008 In: People Comments (None)