A list of Birlades’ top CEOs, the list that has been circulating for almost a month now, has revealed that Adityanath Birlapadhyay, the chairman of B-B-B, has been given an outstanding loan of Rs. 25 crore.
The list also mentions that the same has been handed over to two other Birladas, Pratap Yadav and Rajiv Pratakumaran.
It further says that the loan is being treated as a capital contribution to Birlados in case of a potential future acquisition by Birlax.
A list of top Birlack CEOs, including Adityans name, has gone viral on social media on Thursday.
The list of his assets is not mentioned.
The Birlachos are facing a cash crunch after they had taken out a loan of around Rs. 1,400 crore in 2016-17.
In January, Birlak’s Chief Financial Officer Ramesh Khemka was asked to resign amid allegations of corruption in the company.
The Birladas have been in the spotlight for the past few months over their poor governance in terms of financial management.
The government has been looking into the matter and has asked the State Bank of India (SBGI) to probe the matter.
The State Bank has so far refused to do so.