CEO, CFO of Karvy Stock Broking arrested in IndusInd Bank default case

Hyderabad police arrested the chief executive officer (CEO) and chief financial officer (CFO) of scam-hit Karvy Stock Broking Pvt Ltd in the IndusInd Bank default case.

Continuing their probe into the financial irregularities of Karvy Stock Broking Private Limited (KSBL), Hyderabad Central Crime Police on Thursday arrested the firm’s Chief Operating Officer (COO) and Chief Financial Officer (CFO). According to police, Rajiv Ranjan Singh, Chief Executive Officer, and G Krishna Hari, Chief Financial Officer, were arrested based on a complaint by IndusInd bank.