Syndicate Bank- Bhushan Steel fiasco: Banks in a spot over 'mistaken identity 

MUMBAI: Is one of the men arrested in the scandal over alleged bribes for higher loan limits the victim of mistaken identity? Lenders certainly hope so. One of the two companies said to be involved in the affair is Bhushan SteelBSE 4.96 % Ltd — vice-chairman Neeraj Singhal was among those arrested, apart from Syndicate BankBSE 0.00 % chairman and managing director SK Jain. Also held was executive Arun Agarwal. But he doesn't work for Bhushan Steel, he's chief financial officer of Bh .. 

anand maurya

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