China's ICBC flagged $500 million Vedanta loan in 2016, citing concerns over compliance
- In 2016, China’s ICBC bank flagged concerns about Vedanta’s $500 million loan.
- Bank documents showed Vedanta’s Cyprus-based company was put on a watchlist as commodity prices fell.
- Vedanta said it fully repaid the loan by 2017 and followed all loan conditions.
- ICBC’s total lending exposure to Vedanta was around $65 million across its London, Singapore and Mumbai branches.
Source: indianexpress.com
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