Rs. 200 Cr Scam At TSCAB Surfaced: Nimmagadda Vani Bala Arrested
Hyderabad, May 31 (Maxim News) Telangana State Cooperative Bank (TSCAB) General Manager Nimmagadda Vani Bala, the main accused in the case of embezzlement of Rs. 200 crores in the name of deposits has been arrested by the Hyderabad CCS Police.
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Her husband Meka Netaji and her son Meka Sriharsha were also arrested in this case. Vani Bala cheated 140 employees of Telangana State Cooperative Bank Employees believing her words and invested Rs. 26 crore. All this money was deposited in Vani Bala Priyanka Enterprises.
Nimmagadda Vani Bala, the General Manager of Telangana State Cooperative Bank in Abids. Under the name of Shree Priyanka Enterprises, collected deposits from around 532 people. Her husband Meka Netaji and son Meka Sriharsha collected deposits. they promised to give 24 percent return per month.
They collected deposits from 532 people and absconded with the money. The government has issued orders suspending Vani Bala from the job.
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As the matter came to light, the victims approached the police demanding justice. As a result, the police registered a case against Vani Bala Chit Fund Company and Sri Priyanka Enterprises and started an investigation.
About Rs. 200 crore scam was found. The main accused Nimmagadda Vani Bala and her husband and son were arrested. Full information is to be known. (Maxim News)
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