New Delhi: The Supreme Court has convicted K S Raju, Promoter Director of Hyderabad-based Nagarjuna Finance Limited (NFL), for contempt of court for not refunding the money to its investors as directed by the Company Law board.

A bench of justices Vikramajit Sen and Prafulla C Pant allowed 60 days time to the company and Raju to return the
money, failing which he has to undergo imprisonment for six months.