HYDERABAD: Central Bureau of Investigation registered a case against 10 persons, including the current and the then branch managers and other employees of the Telangana Grameena Bank, for defrauding deposits of `8.94 crore by tampering the Term Deposit Receipt (TDR) values. Following a complaint from the Regional Manager of the bank, M Ravinder Reddy, that the former office assistant (cashier-cum-clerk) at Aziznagar branch in Moinabad mandal, M Jaipal Reddy, cheated the bank and the customers to the tune of `89.48 crore in conspiracy with bank managers and private employees, a case has been registered.
Ravinder in his complaint alleged: “Jaipal resorted to various methods like tampering of original face value of the TDRs in the system by omitting ‘0’ and inflated the face value of TDRs and issuing TDRs without entering them in the records.”
2 arrested for duping Andhra Bank to the tune of Rs 1.5 crore
Two persons who cheated Andhra Bank to the tune of Rs 1.5 crore by obtaining a loan using fake land documents have been arrested by the Hyderabad central crime station police on Tuesday.According to the CCS police, the accused Dulan Nagendra and M Lakshma Reddy colluded and obtained SOD (Secured Overdraft) loan of `1.5 crore against from Andhra Bank at Marredpally, by submitting the documents of a land at Ibrahimpatnam. After obtaining the loan, Nagendra defaulted in the repayment of loan installments, upon which the bank officials verified the mortgaged property physically and found that the documents produced by Lakshma Reddy as collateral security, were fake.