Categories: Hyderabad

Hyderabad: Karvy Secy Company Arrested

Hyderabad: The day after the Chief Executive Officer and Chief Financial Officer Karvy Stock Broking Limited (KSBL) was arrested by the central Crime Station (CCS) Sleuth from Police Hyderabad, KSBL Y Sailaja Corporate Secretary was arrested on Friday.
He was arrested on charges of issuing false resolution documents to claim that KSBL directors had passed the resolution to take advantage of bank loans.
The police said that when they were investigating the default KSBL loan ₹ 350 Crore to HDFC bank, they found a copy of fake resolution filed to the bank.
False resolution was certified by Sailaja in its capacity as KSBL Corporate Secretary.
HDFC Bank did not realize it relied on alleged false resolution, police said.
Officials, who collected loan application forms by KSBL when applying for loans at HDFC, found that the Directors of the KSBL had not yet passed the resolution in this matter.
“The Secretary of the KSBL company has created a false resolution document, which is claimed to have been continued at the 2018 Board of Directors’ Meeting.
However, at the meeting, it was not resolved in accordance with the board of directors,” said Commissioner with Hyderabad from Police Avinash Mohanty to Tii.

news2in

Share
Published by
news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

3 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

Sonīpat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

3 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

3 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

3 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

3 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

3 years ago