S Dilli Raj, President of the microfinance company Bharat Financial, has resigned from the post following an arrest last week in the ongoing financial probe. Raj’s judicial custody has nothing to do with Bharat Financial, says PH Ravikumar, non-executive chairman of the company. The resignation is his personal decision, he adds. The board is expected to review Raj’s decision. MR Rao is expected to continue as president. Watch video for more..
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