IDBI banker tied to Amtek loan skimming as Delhi properties allegedly shift to ex MD family

Published on 24 April 2026

Alleged transfers reportedly happen for almost no payment

A new corporate governance allegation claims that money siphoned from Amtek group loans was used to buy multiple properties in Delhi NCR. Prosecutors say these homes and flats, valued at over INR 30 crore, were then allegedly transferred to former managing director RM Malla and his family for little or no consideration, raising questions about IDBI’s role.

Amtek loan money was allegedly siphoned and used to buy NCR properties
Properties worth over INR 30 crore allegedly transferred to RM Malla family
Transfers are claimed to be at little or no consideration
IDBI banker’s involvement is under scrutiny in the case

#amtek #delhi ncr #idbi #property scam #corporate governance

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

IDBI banker tied to Amtek loan skimming as Delhi properties allegedly shift to ex MD family

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