New Delhi, April 16 -- US-based financial company Fannie Mae has allegedly laid off 200 Indian-American employees from its team, with the majority of them linked to Telugu groups on 'ethical grounds' after a donation scam, reported the news portal Times of India on Wednesday, April 16.

Along with the 200 people who were laid off due to the 'ethical grounds,' others were also subject to a job cut. The news portal's report alleges that a total of 700 employees were fired from their jobs amid an ongoing restructuring, this number includes the 200 people who were fired on non-restructure reasons.

The news portal's report also cited the company, which said that the layoffs, which occurred on Wednesday and Thursday, were on 'ethical grounds.'...