SKS Microfinance Ltd Executive Chairman Vikram Akula's ex-wife Malini Byanna told CNBC-TV18 that Akula undertook illegal activities. She said he was giving money to public officials to expedite processes. He prompted her to do illegal activities.
She said "I learnt that the microfinance programme has been bankrupted. Money has been taken from SKS Education programme which were specifically allotted for education programme which was violation of contract. I was also being asked to do illegal things to write fragile immigration letters for SKS employees who wanted to come to US and I refused." On illegal activities by Akula she said:
"Providing money to public officials to get final approval rather than going through proper process, to expedite the process. Again taking earmarked funds from grants given by a foundation in US and shifting them to another programme, that's also illegal." On complaint to SEBI she said
"I registered complaints with SEBI even before IPO. Many emails sent to top directors fo SEBI saying before you approve this IPO, please check the chairman or whoever is the promoters' history, it was largely dismissed. I provided documentation and court proceedings."
She also said that the abduction of her son on previous two occasions after her divorce was done by her ex-husband Vikram Akula.
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