The Department of Crime Investigation Telangana (CID) arrested another accused in connection with the case of fraud with multiple Crores concerning the branch of IDBI bank in the district of Khammam. This brings the total number of arrests in this case eight, within a fraudulent loan probe worth approximately 2.86 GBP crore sanctioned under the pretext of agricultural and micro -effect systems using counterfeit documents.
The defendant, identified as Bukya Suresh, 37, is currently employed as a manager at the Bombai CBD BELAPUR branch office in Mumbai Bank Bank Bank, on 23 May. He previously worked as an asset officer at the Sathupally branch in Telangana.
The case came to light after the complaint filed by Ph Hashim, Deputy CEO and Regional Head of IDBi, claiming that the former head of the IDBi, Nalgopul Ramesh and former business correspondent, Hittipog Suresh, joined with other 261 GBPs 2015 filling at 16. £ 2016.
The internal audit also described the suspicious transactions between the duo together with the procedural outages. Subsequent verification by income authorities confirmed that the deposits of Pattadar submitted as part of the loan documentation were counterfeit and did not correspond to official land records.
The case was registered by CID within several sections, including cheating, counterfeiting and criminal conspiracy. Both Ramesh and Suresh were previously arrested and advanced earlier in May.
Published – May 24, 2025 20:41 IS IS
