Hyderabad: Continuing their oppression of the people involved in Fraud Rs 64.50 Crore (FD) Telugu Academy (FD), Sleuths Crime Station (CCS) arrested three more on Saturday.
With the latest arrest, 13 people have been captured so far in this case.
Assistant Station of the Central Crimes Commissioner Manoj Kumar told TII that three people – Vinay, an employee of the Telugu Academy, Bhopathi and Ramana Reddy – arrested and sent in Judicial detention.
“This defendant has got Rs 30,000 for each RS 1 Crore money sucking.
Trio has got Rs 30 Lakh and shared by them,” Assistant Commissioner Police added.
Bhoopathi and Ramana were reported by Sai Kumar’s colleagues, who were arrested.
These two people relate between bank employees and the academy to submit false documents, which played a key role in illegal liquidation of deposits in Telugu Academy worth Rs 64.50 Crore.
The investigator said the two defendants had played a key role in getting funding bank letters, which were handed over to the academy.
On October 4, 14 members, allegedly related to this case, were in custody of the Central Crime Station.
After the local court order, the Central Crime Station official took nine people.
Vinay allegedly played an important role in processing documents at the Academy so that other accused can execute conspiracy.
The fixed deposit of Rs 64.50 Crore, which was parked in two public sector banks, was illegally transferred and then sucked by at least 13 accused.
The police tend to capture more people in the coming days.