Nizamabad: A bank official and three others allegedly collided with each other and fraudulently used a 24 million loan from the Telangana Grameena bank in the town of Pedda Valgot, Dharpally, in the Nizamabad district.
The issue came to light after the bank manager lodged a complaint with Dharpally police. According to Circuit Inspector M Prasad, the accused identified as Malvat Rajaravi of Potnoor, Bukhya Vittal of Ravutla Pata Thanda and Lakavat Prem of Maddul Thanda clashed with Pedda Valgot Telangana Grameen bank manager Rangachary and used the loan between 2014-2017. They allegedly provided fake passbooks and Aadhaar to claim the loan with the active help of the bank manager, police said.
Police arrested Malvat Rajaravi and Bukya Vittal on Friday. Bukya Vittal works as a compiler at Indialwai Primary Health Center. The accused bank manager Rangachary and Lakavat Ravi are leaving.
Source: Telangana Today