Two ex-bank employees held for loan fraud in Hyderabad
Hyderabad: A team of World Customs Organisation (WCO) along with Detective Department (DD) of Hyderabad have arrested two ex-bank employees for cheating a private bank in Musheerabad.
The Central Crime Station sleuths have arrested two persons, who were the retired bank employees inlcuidng one bank employee, on charges of cheating bank.
In this case, the sleuths have arrested two former bank employees, who has been identified as Parvez Zaheer ageing 61 years, Rtd. chief manager of private bank in Uttar Pradesh, and Bejjenki Rambabu ageing 62 years, Rtd. senior manager of a bank at Saroor Nagar in Hyderabad. Both the accused has been an employee of Musheerabad branch bank.
According to police, the accused persons Parvez Zaheer and Bejjenki Rambabu conspired with Mohammed Imran and others created a fake, fabricated land documents, then the accused have passed and sanctioned C.C loan of Rs. 70 Lakhs to the name of Mohd Imran, which has caused a major loss to the bank.
After which a complaint was lodged by Chief Manager of the bank with the Central Crime Station (CCS) under the section of 420, 406, 467, 468, 471, 472, 120-B IPC r/w 34 IPC later the investigation was taken up and the accused were arrested.