News > 947 crore loan fraud: CBI chargesheets MP Rama Krishna Raju

947 crore loan fraud: CBI chargesheets MP Rama Krishna Raju

Times of India | 01/01/2022 05:30 PM | Click to read full article

CBI has filed a charge sheet against disgruntled YSR Congress MP K Raghu Rama Krishna Raju, his company Ind-Barath Power (Madras) Limited and 15 others in connection with Rs 947.70 crore loan fraud.

Raju, his company in collusion with other accused, illegally used and siphoned off the funds disbursed for setting up the thermal power plant, it said.