Karvy MD Parthasarathy approaches High Court
Hyderabad, Aug.23 (Maxim News): The Managing Director of Karvy consultancy group Parthasarathy has approached the high court of the state urging it grant him bail in a case filed against him by CCS police. He was arrested by the police two days back in ₹780 crore fraud case. He is allegations that he has misused funds to the tune of ₹720 crore. The police is now questioning the accused .
Parthasarathy took loans from various banks like Bajaj Finance, ICICI, HDFC and Kotak Mahindra banks . However he did not clear the loans prompting the banks to lodge a complaint against him. The police arrested the accused after the complaint by the bank. (Maxim News)