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SBI bank manager, community co-ordinator held for loan scam

Last Updated: Thursday, February 14, 2013 - 22:46

Anantapur: A bank manager and a community co-ordinator in a Rs 1.18-crore loan scam related to the Indira Kranti Patham (IKP) government scheme were arrested in Anantapur district of Andhra Pradesh by the Dharmavaram police on prima facie evidence.

The accused had fraudulently shown fictitious names as beneficiaries of the scheme.

The scam came into light when mandal level community leaders of the scheme and IKP officials complained about it to the Dharmavaram police.

Dharmavaram DSP Shaikh Nawabjan told PTI that the police arrested State Bank of India (SBI) Tadimarri branch manager Rafiq, who presently works at Koyalakuntla branch and one Sake Kristappa who worked as IKP community co-ordinator and produced them before the local magistrate's court.

The court has remanded the accused to judicial custody until Feb 28, he said.


First Published: Thursday, February 14, 2013 - 22:46
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