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Jagan Reddy’s Party MP Ramakrishna Raju Charged In Loan Default Case: CBI

Ramakrishna Raju represents Narsapuram constituency in Lok Sabha.

New Delhi:

The CBI has charged YSRCP MP Ramakrishna Raju in reference to a case of alleged default of Rs 826-crore mortgage by Ind Barath Thermal Power Ltd through which he’s a director, officers stated on Thursday.

The company has registered the case towards the MP and 10 others, and is finishing up searches at round 11 places in Hyderabad, Mumbai and West Godavari district, they stated.

The firm is alleged to have defaulted on mortgage taken from a Punjab National Bank-led consortium.

Mr Raju represents Narsapuram constituency in Lok Sabha.

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