Hyderabad: CBI files case against 2 bank managers
The bank recovered Rs 3.93 crore from Kommineni Enterprises but the loss caused remained.
Hyderabad: The Central Bureau of Investigation (CBI) has registered a case against the then Vijaya Bank assistant general manager C. Mallikarjuna Rao and RCL Technologies Private Limited partners Raja Rapuri and Basireddy Suresh Reddy for misappropriating Rs 9.16 crore.
In his complaint, bank general manager I.V.L. Sridhar said during 2015-17, Rao, the then assistant general manager of Marredpally branch conspired with Rapuri and Reddy.
Based on a complaint lodged by Sridhar, the CBI registered a case against Rao, Rapuri and Reddy In another incident, the CBI booked a conspiracy and cheating case against five persons including the then S.D. Road UCO bank chief manager Mastaram Jal for losses of Rs 5.49 crore. The bank recovered Rs 3.93 crore from Kommineni Enterprises but the loss caused remained.