Ind-Barath Power Ltd stalled Tamil Nadu project to divert funds

HYDERABAD: The management of Ind-Barath Power (Madras) Limited had allegedly delayed a project in Tamil Nadu by quoting higher expenditure against the existing estimate.

The CBI found that the power company owned by YSRC rebel MP in Andhra Pradesh K Raghurama Krishnam Raju had delayed the construction work of the project so as to divert funds to other accounts.