Police Arrests 16th Person in The Telugu Akademi Scam
The Hyderabad Central Crime Station (CCS) police on Tuesday sixteenth person in connection with misappropriation of fixed deposits of Telugu Akademi.
The arrested identified as Krishna Reddy is said to have played a key role in the prime accused Sai Kumar gang in swindling Rs 65.05 crore fixed deposits of Telugu Akademi. Krishna Reddy had taken his share of Rs 6 crore by involving in the scam.
The police said that Krishna Reddy went absconding after Sai Kumar was arrested. The police who put an eye on his movements nabbed him in Miyapur, said ACP Manoj Kumar.
He added that Krishna Reddy has a friendship with Sai Kumar, Dr Venkat and Nanduri Venakaramana for three years and worked as a realtor.
While spending the funds grabbed in the Telugu Akademi scam for personal usage, Sai Kumar is said to have had sent Krishna Reddy to steal the funds of Oil Seeds firm and godowns in Andhra Pradesh.
Krishna Reddy was also sent to Vijayawada a few times to open bank accounts and transfer of fixed deposits to their accounts after speaking to bank officials.
Next Story:
-
Southern Command Team Wins Army Inter Command Handball Championship
![Southern Command Team Wins Army Inter Command Handball Championship]()
The Army Inter Command Handball Championship 2024-25 was hosted at Artillery Centre, Hyderabad from 13 May to 17 May 2024. This remarkable sporting event witnessed a display of exceptional talent and sportsmanship from the teams of six Army Commands.
-
MANUU Admissions in MCA, M.Tech, B.Tech
![MANUU Admissions in MCA, M.Tech, B.Tech]()
Hyderabad: The Department of Computer Science & Information Technology (CS&IT) of Maulana Azad National Urdu University (MANUU) was established in the year 2011. Currently, the department is accepting application forms for admission in entrance-based regular programs B.Tech., B.Tech. (Lateral entry), MCA, MCA (Lateral Entry), M.Tech. and PhD. The last date for submitting an online application form is May…
-
Steps Must Be Taken To Avoid Flooding: Ronald Rose
![Steps Must Be Taken To Avoid Flooding: Ronald Rose]()
GHMC Commissioner Ronald Rose has directed the officials to take steps to avoid flooding.
-
CS Santhi Kumari Holds Meeting With District Collectors
![CS Santhi Kumari Holds Meeting With District Collectors]()
Chief Secretary Santhi Kumari today held a video conference with district collectors and reviewed the progress of works taken up under Amma Adarsha Paatasaala, stitching of school uniforms and issues relating to procurement of paddy.
-
Alert For Group-4 Candidates: TSPSC Key Announcement
![Alert For Group-4 Candidates: TSPSC Key Announcement]()
Hyderabad, May 17 (Maxim News): Keeping in view that the Lok Sabha elections are over, TSPSC has focused on filling up the posts, in this event, the key announcement has been made for the Group – 4 candidates about the selection process. When the rank list was released on February 9, 2024, it has been…
Now you can get latest stories from Indtoday on Telegram everyday. Click the link to subscribe. Click to follow Indtoday Facebook page and Twitter and on Instagram. For all the latest Hyderabad News updates
