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₹75 crore diverted, ₹120 crore in FDs liquidated: Jana Sena leader’s charges against VMRDA

The Hindu · Published 59m ago · Impact 79%
₹75 crore diverted, ₹120 crore in FDs liquidated: Jana Sena leader’s charges against VMRDA

Peethala Murthy Yadav submitted representations at the VMRDA office and the Collectorate, alleging that ₹75 crore was moved to a private bank at an interest loss of about ₹1 crore, and sought a forensic audit

Caution ahead65%
PositivePossible support for stability, investment or market confidence
RiskInflation, volatility, borrowing costs or weaker growth
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