Hyderabad: Fraud Permanent Deposit Rs 60 Crore (FD) in Telugu Academy gets MULKIER on Saturday, with Central Crime Station (CCS) connects that FD is opened only for seven days.
Detailed sharing, the day after three AP Mercantile Cooperative Society (APMCC) officials were arrested for fraud, the police said that the perpetrators sucked money immediately after a period of seven days, although in the FDS academy record created for the tenure of one-year investigation also revealed that violators handed over false bonds to the Academy and keep the original in their ownership.
“Some deposits are still made with public sector banks (PSB) both through checks or online by the academy between December, 2020 and August, 2021.
However, key accusations, involved in the creation of deposits remain, ensure their tenure for only seven bonds, “The CCS official said refused to reveal details about key accusations.
The police stated that the defendant was still running away.
“After the seven-day completion, deposits remained transferred by the defendant into a different fake account opened in the name Telugu Academy at the AP Mercantile Cookerative Society, using the original bonds.
Then, from this account, money was drawn.
Who has this wrong money? How He spent? We can only get to know that after several suspected missing and questioned, “a source of Hyderabad police told Stoi.
To facilitate the defendant to transfer the FDS Academy into a false account with the AP Mercantile cooperative fire, the three of them were accused of – AP Mercantile Cooperative Society and Managing Director of BVNN Satyanarayana, Cooperative Community Operations Manager AP Padmavathi, AP Mercantile Cooperative Society Manager Syed Mohiuddin, who was arrested by CCS On Friday – allegedly accepted a commission.
“There was inconsistency in his third statement was accused of the issue of the commission they made from this illegal action.
At least 5% of the 60 crores drawn by money obtained by the trio,” police said.
The police suspect that this fraud is committed in relation to several members of the Telugu Academy, PSBS, APMCC and several others.