Amaravathi: CBI filed a charge sheet against MP of YSR Congress party K Raghu Rama Krishna Raju, his company Ind-Barath Power Madras Limited and 15 others in connection with Rs 947. 71 crore loan fraud, he said on Saturday that he would file his reply to the court on all issues raised in the charge sheet.

MP Stating that entire transactions happened through banks, he said they were informed about the outstanding dues from some companies. He called it a civil dispute between the companies and said he would file a counter with clarity.

CBI on Friday filed a charge sheet against Raju, then chairman and managing director of Ind-Barath and others for allegedly causing loss of Rs 947.71 crore to a consortium of lenders. Ind-Barath’s eight sister companies, then director Madhusudahan Reddy, Sekeo Power Limited, its managing director and two chartered accountants M. Srinivasulu Reddy and Pravin Kumar Jabad were also named in the charge sheet.

The accused, including the borrower company, allegedly transferred/diverted the disbursed project funds to create fixed deposits with Bank of India and UCO Bank and to pay advances to contractors.