Firm bosses booked for Rs 19 cr loan fraud

Hyderabad: The Central Bureau of Investigation has booked an FIR against directors of Amazon Enterprises Private Limited for Rs 19.1 crore loan fraud. Union Bank of India, Ameerpet branch had filed a complaint against M Kamalnath of Amberpet, K Radha Krishna of Madhapur, Amazon Enterprises, K Govind, A Srinivasa Prasad, K Narasimham and others. The directors of the company are said to have conspired withvaluers and obtained loans by mortgaging disputed plots.The accused were booked for cheating the bank. TNN