Op risk data: For Yes Bank, no mercy over insider fraud
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In September, India’s Central Bureau of Investigation quantified an insider fraud loss for the country’s Yes Bank at INR27.97 billion ($317.4 million), the month’s largest operational loss. In 2017, the bank’s founder and then-chief executive Rana Kapoor allegedly made fraudulent loans to companies in the Anil Dhirubhai Ambani Group. The CBI found Yes Bank had invested around INR50 billion in non
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