From banks to brokers and insurers: The multi-billion-rupee empire of the Bhatta-Agrawal syndicate

A forensic examination of charge sheets reveals how corporate loans, paper land deals, share trading financed through credit, and alleged market manipulation converged in a 27-billion-rupee financial crime case.

When officials from the Department of Money Laundering Investigation (DoMLI) asked Deepak Bhatta, chairman of Infinity Holdings, about the scale of his annual business turnover, his answer was imprecise.