HYDERABAD: The CBI arrested an official liquidator Arvind Shukla in connection with illegal transfer of funds to United Bank of India, Khammam from the accounts of official liquidator in Hyderabad and Khammam.
On Tuesday, the CBI here arrested Arvind Shukla for his complicity in the fraud relating to transfer of official liquidator funds and their fraudulent withdrawal of the pre-mature funds in connivance with the officials of various banks.
During a probe into the missing funds of official liquidator deposited at SBH, Malkajgiri branch, the CBI also found that funds deposited by official liquidator in the United Bank of India Khammam branch were transferred in favour of Telangana New and Renewable Energy Development Corporation Limited. A case was registered by the CBI on December 17, 2015, following the directions of High Court.
The CBI, during its probe, identified that the funds transferred to TNREDC, were transferred to various accounts in the Bank of Maharastra, Axis Bank, Development Credit Bank, IDBI, Sahebrao Deshmukh Cooperative Bank Ltd, located in Maharastra, Gujarat, Chennai besides Hyderabad.