"...My son Srinivas Kalyan is innocent. I believe he is innocent... He's not guilty. We will prove that in court and he will come out clean," Rao told reporters here.
K Srinivas Kalyan Rao, Managing Director of a Chennai- based company, Best and Crompton Engineering Projects Ltd, and others were earlier this month booked by CBI for allegedly defaulting on a Rs 124-crore loan from Central Bank of India.
As per the case details, the company had borrowed Rs 304 crore from a consortium of banks comprising Central Bank of India, Andhra Bank and Corporation Bank by way of fund- based and non/fund-based limits.
Central Bank of India, which has an exposure of Rs 124 crore, had approached CBI with a complaint of alleged default on the basis of which the case was registered.
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Terming the case against his son as an "allegation", Vijayarama, a former Minister in United Andhra Pradesh, said the charge has to be proved and established in a court.
Vijayarama said he has some information which points to Srinivas' innocence. "If I make (disclose) it now I will be doing injustice to my son. Innocence has to come out in proper place and proper court."
Stating that he has not spoken to any CBI official regarding the matter, Vijayarama confirmed his son's house was searched earlier this week and claimed "they (CBI) found nothing (incriminating)".