Hyderabad: on friday CBI(Central Bureau of Investigation) said that it had filed a case against the present AGM of Syndicate Bank and many others who involve in fraud case and in five cities conducted searches at several locations.
The CBI official said that the agency had identified the then AGM of Syndicate Bank’s regional office in Nizamabad, Telangana, Renuka B, srinivasa rao malladi then Chief Manager, Syndicate Bank, Shruthi Gupta, then Manager, Syndicate Bank. , Private booked. Korrapati Subbaiah, Konda Sugreeva, Ram Krishna Rentachintala, S. Subramanyam, a valuable person Ganta Nageshwar Rao, and other unidentified persons passed on the basis of complaint.
the official said that,”It was alleged that in June 2017, the account went to the NPA with an outstanding loan of Rs 872.92 lakh.” a civil contractor allegedly approached a Syndicate Bank branch in Hyderabad and taken Rs 5 crore as working capital and Rs 5 crore to the bank during 2016-17 to cover the cost of his contract works. Obtained as a guarantee. It was also alleged that some of assets mortgaged to the bank proved to be non-existent and in relation to some other assets, the prices offered by the valued owners fluctuated. Thus, the bank incurred a loss of Rs 1,229.58 lakh.
The official said that the CBI team searched the premises of the accused in Musheerabad, Hyderabad, Secunderabad, Kodad and kukatpally, as a result of which some controversial documents were recovered.
