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CID set to grill Rizvi

Published: 15th October 2012 12:05 PM  |   Last Updated: 15th October 2012 12:05 PM   |  A+A-

A day after the state government had suspended former managing director of AP State Minorities Finance Corporation Mohammed Ilyas Rizvi, the crime investigation department police are all set to grill him in connection with the Rs 55. 47-crore scam that took place in the corporation.

According to sources, one of the teams of CID will knock the doors of Rizvi’s house shortly to question him on the scam. The CID arrested four persons  including Sai Kumar on October 11 for fraudulently withdrawing Rs 55.47 crore belonging to the AP State Minorities Finance Corporation by opening a fake current account with Vijaya Bank in the name of the State Minorities Finance Corporation and issuing 240 cheques. The accused allegedly collected a whopping Rs 400 crore as deposits from various corporations with the assistance of the co-accused and others. They are believed to have confessed to their crime and spilled the beans on the involvement of other officials in the case. 

Four special teams have been formed to work on this case.



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