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Diversion of Funds

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Diversion of Funds and Siphoning of Funds

What is Diversion of Funds? Diversion of Funds means (mis)utilization of Funds for a purpose for which loan was not sanctioned. Most common example is buying immovable property out of the Cash Credit Limit, which is being sanctioned for working capital purposes.   Utilisation of short-term working capital funds for Read more…

By Jai, 3 yearsJune 15, 2020 ago
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