Gulte News
The CBI has booked a case against Narsapuram MP Raghu Ramakrishna Raju for allegedly diverting the money borrowed from banks and failed to make the repayment. A complaint against RRR was lodged on March 23rd by deputy general manager of Chennai SBI branch S. Ravichandran and based on this CBI has registered an FIR.
In the complaint, the SBI officer claimed that RRR provided fake financial statements, documents with forgery signatures and borrowed a sum of Rs 237 crore. The case was registered under section IPC 120B read with 420, 468, 471 along with Prevention of Corruption Act sections 13(2) read with Section 13(1)(D).
The bank manager noticed this fraud in the forensic audit and claimed that scam took place between 2012 and 2017.
Along with RRR, the CBI also booked Ind Bharat Power limited directors Kanumuri Ramadevi, Raj Kumar Ganta, D Madhusudhan Reddy, Narayana Prasad Bhagavathula, Ramchandra Iyer.
Meanwhile MP Raghu Ramakrishna Raju is yet to react on this CBI case.
Tags CBI Case Raghu Rama Krishna Raju
