C Sivasankaran denies link with alleged Rs 6-billion IDBI fraud

Serial entrepreneur C Sivasankaran denies any connection to the alleged Rs 6-billion bank fraud case on which the Central Bureau of Investigation (CBI) has registered a case against him and 15 current and former senior executives of IDBI Bank. He alleged the failures he encountered in business were due to the Supreme Court and Tata Group. And, that the latter should pay for group company shares which people have pledged with financial institutions like IL&FS and IDBI.

Speaking to reporters while launching a real estate venture under the brand of Utoo Homes, he said: “Whatever you have heard in the newspapers