CBI files case against Andhra MP for bank fraud

Ind Barath Power is a coal-based plant located at Tuticorin. The plant was shut down in May 2017. 

Published: 26th March 2021 10:35 AM  |   Last Updated: 26th March 2021 10:35 AM   |  A+A-

CBI Headquarters

CBI Headquarters (File Photo | PTI)

By Express News Service

VISAKHAPATNAM: The CBI has filed yet another case against Narasapuram MP K Raghu Rama Krishna Raju following a complaint lodged by the SBI deputy general manager of Stressed Assets Management Branch in Chennai.

Raju and other directors of Hyderabad-based Ind Barath Power Ltd were accused of defrauding the bank of Rs 237 crore after securing loans with forged documents.

Cases were booked against the company directors Raju, K Rama Devi, Raj Kumar Ganta, D Madhusudhana Reddy, Narayan Prasad B and Ramachandra Iyer. Ind Barath Power is a coal-based plant located at Tuticorin. The plant was shut down in May 2017.


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  • bjp4ap

    request minister sir for an airport in kakinada
    6 months ago reply
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