ED has arrested C Parthasarathy, Chairman & MD, and G Hari Krishna, CFO, of the Karvy Group

*ED has arrested C Parthasarathy, Chairman & MD, and G Hari Krishna, CFO, of the Karvy Group in the Rs 2000 Crore Security Scam. Court has given 4 days of ED Custody of the arrested accused: Enforcement Directorate*

The Enforcement Directorate has arrested C Parthasarathy, CMD, and G Krishna Hari, CFO of Karvy Group in an alleged money laundering case connected with the fraud committed through the illegal diversion of clients’ securities by Karvy Stock Broking Ltd worth Rs 2874 crore and pledging the same for obtaining loans.