Tuesday, 24 May, 2022
HomeIndiaCBI books YSRCP MP Ramakrishna Raju in Rs 826-crore worth loan default...

CBI books YSRCP MP Ramakrishna Raju in Rs 826-crore worth loan default case

Raju’s company, Ind Barath Thermal Power Ltd, is alleged to have defaulted on loan taken from a Punjab National Bank-led consortium.

Text Size:

New Delhi: The CBI has booked YSRCP MP Ramakrishna Raju in connection with a case of alleged default of Rs 826-crore loan by Ind Barath Thermal Power Ltd in which he is a director, officials said on Thursday.

The agency has registered the case against the MP and 10 others, and is carrying out searches at around 11 locations in Hyderabad, Mumbai and West Godavari district, they said.

The company is alleged to have defaulted on loan taken from a Punjab National Bank-led consortium.

Raju represents Narsapuram constituency in Lok Sabha.

 

 

Subscribe to our channels on YouTube & Telegram

Why news media is in crisis & How you can fix it

India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises.

But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle.

ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here.

Support Our Journalism

1 COMMENT

  1. Can you please do a story on high court on habeas corpus petitions, police blackmailing & vicious attacks on justice system in AP because you seem to have space for YSRCP propaganda but not for law & order or what HC calling constitution destruction at all

Comments are closed.

Most Popular

×