Hyderabad, Nov 16 (Maxim News): The Special Judge for CBI Cases sentenced A. Gadhadar, formerly branch manager of Bank of India in Saroornagar to undergo rigorous imprisonment for five years with a fine of Rs. 60,000 and two others Panditi Rajasekhar and Gaddigopula Satyananda Rao for one year rigorous imprisonment with fine of Rs. 10,000 each in a bank fraud case.
A bureau press release said the CBI registered a case against the convicted persons on allegations that they entered into a conspiracy to cheat the Saroornagar branch of the Bank of India. It was further alleged that Gadhadar had fraudulently processed and sanctioned the housing loan applications and disbursed the loan amounts. Subsequently, all the loan accounts became Non Performing Assets (NPAs) and caused a loss of nearly Rs. 37.80 lakh to the bank. (Maxim News)
Next Story :
Hyderabad Land Prices: Raidurg Plot Sets Rs. 264 Crore Record
Hyderabad, August 21: Hyderabad land prices have reached a new high after an acre in Raidurg sold for ₹264 crore. The Telangana Industrial Infrastructure Corporation conducted the latest auction in the city’s IT corridor. Here To Join Us On WhatsApp The record sale took place at Pan Maktha in Raidurg. The plot falls under Survey…
Kareena Kapoor Khan Not Pregnant, Team Confirms
Hyderabad: Kareena Kapoor Khan is not pregnant, her team has confirmed, putting an end to recent speculation about her expecting a third child with actor Saif Ali Khan. Here To Join Us On WhatsApp Rumours began circulating online after a recent video showed Kareena returning to her car. A member of her team appeared to…
Rahul Gandhi Dharna: Delhi Police Registers FIR Over Pellet Injury
New Delhi / Hyderabad, August 21: Delhi Police registered an FIR on Friday after student protester Sahil Lochab complained of a pellet gun injury during a July 20 demonstration at Jantar Mantar. Here To Join Us On WhatsApp The development came after Congress leader Rahul Gandhi demanded action on Lochab’s complaint. Rahul Gandhi, the Leader…
Senior Actress Sowcar Janaki Passed Away
Sowcar Janaki | A tragedy has struck Telugu film industry. Veteran actress Shawukaru Janaki has passed away. She died due to old age-related health problems
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
