Hyderabad: CCS files chargesheet against Karvy chief
After nearly three-month investigation into the alleged financial irregularities by Karvy Stock Broking Ltd (KSBL), investigators have found that the company raised Rs 137 crore loan from Indus Bank by pledging shares of its clients and diverted the loan amount to 142 different firms, including 22 subsidiary companies. They also discovered that the stock broking firm allegedly misused money of its clients.
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After nearly three-month investigation into the alleged financial irregularities by Karvy Stock Broking Ltd (KSBL), investigators have found that the company raised Rs 137 crore loan from Indus Bank by pledging shares of its clients and diverted the loan amount to 142 different firms, including 22 subsidiary companies. They also discovered that the stock broking firm allegedly misused money of its clients. 
