Live
- ‘Fear’ movie review: A gripping suspense thriller
- Telangana IT Minister D. Sridhar Babu Highlights Future City Vision and Data Center Growth at IAMPHENOM Event
- Quota stir: Panchamasali seer violated law, claims Siddaramaiah
- India vs Australia: Third Test at Gabba – Match Timings and Details
- Allu Arjun’s team denies arrest rumors; gives clarity
- Film actor Mohan Babu knocks High Court doors. Requests for anticipatory bail
- Allu Arjun Seeks Lunch Motion; Court Hearing Scheduled for 2 PM Today
- Vijayawada hosts Swarnandhra Vision-2047 Program to foster development in AP
- World Bank okays loan for new project to boost earnings of UP farmers
- Zomato gets GST tax demand notice of Rs 803 crore
Hyderabad: Karvy MD Parthasarathy held for evading debts
Karvy MD Parthasarathy
- Karvy MD Parthasarathy arrested for misusing funds
- He obtained Rs 780 crore from various banks by mortgaging Karvy shares
Karvy stock broking managing director Parthasarathy has been arrested by the Central Crime Station (CCS) police for allegedly evading Rs 780 crore debts of several banks.
The CCS police took action after various banks filed complaint against the managing director of Karvy.
It was learned that Parthasarathy obtained loans from various banks by mortgaging Karvy shares. He borrowed Rs 340 crore from HDFC bank, Rs 137 crore from Indus Ind bank and another Rs 7 crore from HDFC bank. The banks in the complaint stated that the loans have been misused by Parthasarathy who was arrested and produced before Nampally court.
Earlier in the day, the enforcement directorate arrested Vuppalapati Satish, managing director of Pruthvi Information Solutions for defrauding banks to the tune of Rs 3,316 crore.
