Hyderabad: Karvy Stock Brocking MD sent to prison

Hyderabad: The Hyderabad Central Crime Station on Thursday produced before court Karvy Stock Broking Limited chairman and managing director C Parthasarathy after the two day custody ended. He was again sent to the Chanchalguda Central Prison.

“We found that Parthasarthy had not only pledged securities belonging to the clients without their consent to IndusInd bank, he had also done trading with securities belonging to the clients without their knowledge and permission. More investigation is to be done in the case to ascertain the facts,” an official said.

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