CCS POLICE APPREHENDED ACCUSED IN TELUGU ACADEMY FDRS FRAUD CASE
Hyderabad, 3 October (H.S)On the complaint of Director, Telugu Academy, Himayatnagar, , a case was registered regarding withdrawing of Telugu Academy amount of Rs. 43 crores by closing of FDRs. Accordingly, a case in Cr. No. 154/2021, U/Sec. 409, 419, 420, 465, 467, 468, 471 r/w 34 IPC has been registered and took up the investigation.
In this case B.V.V.N. Satyanaryana Rao, Chairman/Managing Director of The A.P. Mercantile Cooperative Credit Society Ltd., R/o Vijayawada,, Smt. Vedula Padmavathi, Manager (Operations) in A.P. Mercantile Cooperative Credit Society Ltd, Hyderabad and Sayyad Mohiuddin, Relationship Manager, in A.P. Mercantile Cooperative Credit Society Ltd, Hyderabad were nabbed by the police.Another accused Shaik Mastanvali Saheb, Chief Manager, who earlier worked in union Bank of India, Karwan Bank, Hyderabad was arrested by the CCS Police on 01-10-2021.
Investigation revealed that the above society had received the FD amounts amounting to nearly 60 Crores from the Bank. The A.P. Mercantile Co-operative Credit Society had opened fake accounts on the name of Telugu Academy on their Society by accepting fake IDs. The accused persons are also involved in the similar offences in other two cases in CCS, Hyderabad.
Investigation revealed that the Chief Manager, on the basis of fake documents created by other accused has liquidated FDs of Telugu Academy and transferred amounts to account of A.P. Mercantile Co-Operative Credit Society in Agrasen Bank without requisite checks.
The case is being investigating by Sri K. Manoj Kumar, ACP, WCO, Team XII, CCS, DD, Hyderabad and further investigation is going on.
The case is being investigating by Sri K. Manoj Kumar, ACP, WCO, Team XII, CCS, DD, Hyderabad, under the supervision of Sri N. Mahender, Addl. DCP, EOW, CCS, Hyderabad and further investigation is going on.
