Tag: bank fraud case

The CBI arrested businessman Neeraj Saluja in a ₹1500 crore fraud case. It has created an uproar in Ludhiana's business community. Hailing from a family which was a major player in the hosiery business, Saluja has always lived life 'king size' as his colleagues and those doing business with him over the years confessed that Saluja was fair in his dealings with them. The case and his subsequent arrest came as a shock to them. As most businessmen remained tight-lipped about the development, refusing to say anything on the record, Saluja took the family hosiery business to greater heights with his brother when he began trading with Russia in the mid-1990s. He set up an office in Moscow. He expanded spinning yarn and SEL textiles. He set up units in different parts of the state. After that,...