Central Bureau of Investigation closes FIR against Repco Home Finance MD

The FIR was against Varadarajan, V Raghu, then executive director, K S Kannan, then chief manager and P Sekhar, then deputy general manager

Repco Home Finance Ltd has said that the Central Bureau of Investigation (CBI) has closed a First Information Report (FIR) registered against the finance company's managing director R Varadarajan and three others has been closed as "Mistake of Fact".

In a statement issued today, the company said that the CBI has submitted its report to the Court, requesting the Court to pass orders for closure of the FIR under mistake of fact as allegatons in FIR are not substantiated. The Court has accepted the request, it said.

The FIR was against Varadarajan, V Raghu, then executive director, K S Kannan, then chief