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Fallout from alleged diamond-debt fraud continues
Indian central bank to tighten the regulations and ramp up scrutiny over large, dodgy loans handed out by state banks; Indian businesses run on lax credit to also feel the squeeze
Add BT as a preferred sourcePublished Wed, Feb 21, 2018 · 09:50 PM
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London
THE alleged diamond debt fraud in India has severe implications for the global gem and banking businesses.
"We are worried about the ripple effects," a spokesman for the Antwerp World Diamond Centre said.
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