CBI files charge sheet against rebel YSRCP MP in loan fraud case
The Hindu
K. Raghu Rama Krishna Raju, 15 others charged with causing loss of ₹947.71 cr. to consortium of lenders
The Central Bureau of Investigation has filed a charge sheet against rebel YSRCP MP and then chairman/managing director of Ind-Barath Power Madras Limited, K. Raghu Rama Krishna Raju, and 15 others for allegedly causing a loss of ₹947.71 crore to a consortium of lenders.
Among those arraigned are Ind-Barath Power Madras Limited, Mr. Raju and then director Madhusudhana Reddy. The company’s eight sister entities have also been named; apart from Sokeo Power Private Limited, its managing director, Y. Nagarjuna Rao; and two chartered accountants, M. Sreenivasulu Reddy and Pravin Kumar Jabad.
In April 2019, on the Central government’s order, the CBI had taken over the probe into a case registered with the Economic Offences Wing of the Delhi Police in October 2018, against five accused persons, including a Hyderabad-based company and its directors.
Several teams were involved in the raids that covered 12 locations in Bengaluru, seven in Tumakuru, eight in Bengaluru Rural district, five in Yadgir, and four each in Mangaluru and Vijayapura.
K. Sudhakaran expresses dissatisfaction with KPCC reconstitution, signals growing disquiet in Kerala Congress unit.
Unexpected heavy rain in Hyderabad causes traffic snarls and brings relief from summer heat, with more rain expected.
Former CPI(M) leader admits to tampering with postal ballots in 1989 Lok Sabha elections in Alappuzha constituency.
Databricks said it would buy database startup Neon in its latest deal valued at about $1 billion, to help businesses develop and use AI agents more easily.
Fire breaks out in Guru Gobind Singh College of Commerce library in Delhi, quickly contained with no injuries.
Tragic drowning incident in Malampuzha reservoir claims lives of two brothers aged 20 and 16 in Palakkad town.
Sensex and Nifty decline due to bank stocks and Asian market trends; global oil prices drop.
Experience the urgency of ocean conservation through immersive art and technology at We Are The Ocean exhibition.
The Hindu Sunday Crossword No 4
Delhi High Court addresses judge appointment process, urges petitioner to trust administrative side, acknowledges judiciary's awareness.
Assam Rifles unit kills 10 militants in Manipur's Chandel district, ongoing operation near Indo-Myanmar border.
President Murmu seeks Supreme Court opinion on Governor's powers under Article 200, Presidential assent, and Article 142 scope.