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Former CBI Director's son arrested
Highlights
Central Bureau of Investigation (CBI) has registered a case against CBI\'s former director Vijaya Rama Rao\'s son Srinivas Kalyan Rao on Saturday.
Central Bureau of Investigation (CBI) has registered a case against CBI's former director Vijaya Rama Rao's son Srinivas Kalyan Rao on Saturday.
With three banks complaining against Srinivas who is said to have borrowed Rs. 304 crore and didn't repay, CBI registered a case and conducted raids at properties owned by Srinivas in Chennai and Hyderabad. Srinivas Kalyan Rao is said to have borrowed Rs 124 Crore from Central Bank, Rs 120 Crore from Corporation Bank and Rs 60 Crore from Andhra Bank. He is expected to be questioned by the CBI shortly.
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