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Cooperative Bank Fraud in Andhra

akshaykumar by akshaykumar
May 13, 2012
in From States
1
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Police say  branch manager and cashier  of Krishna District Cooperative central bank  in Andhra Pradesh  have been taken into custody  as  they had  swindled  2.5 crore  out of the customers’ deposit.

Police have recovered about Rs 62 lakh from the accused bank officials and begun investigating the matter.

Sources say, the incident immediately got politicized and the depositors of the bank began blocking traffic on the roads.

They were demanding an exemplary punishment for the guilty.

Tags: Andhra Pradeshcooperative bankKrishna District Cooperative central bank
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