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Director of Krushi Urban Co-Op bank nabbed
An absconding director of the crisis-ridden Krushi Urban Co-Operative bank P Ramamurthy was nabbed by a team of CID sleuths at Rajahmundry town on Tuesday night even as a stream of panicky depositors continued to throng other co-operative banks in the city to withdraw their deposits.
An absconding director of the crisis-ridden Krushi Urban Co-Operative bank P Ramamurthy was nabbed by a team of CID sleuths at Rajahmundry town on Tuesday night even as a stream of panicky depositors continued to throng other co-operative banks in the city to withdraw their deposits.
Rammurthy, one of the seven directors of the city-based bank facing the charge of swindling depositors` money, was picked up by police from his relative`s house in Rajahmundry and is being produced before the city metropolitan magistrate in Hyderabad later in the day, police said. Speculation is rife that the bank`s chairman Venkateshwar Rao, on the run ever since the scandal broke out early this month, has also been picked up from Amalapuram town in coastal region.
Bureau Report
Rammurthy, one of the seven directors of the city-based bank facing the charge of swindling depositors` money, was picked up by police from his relative`s house in Rajahmundry and is being produced before the city metropolitan magistrate in Hyderabad later in the day, police said. Speculation is rife that the bank`s chairman Venkateshwar Rao, on the run ever since the scandal broke out early this month, has also been picked up from Amalapuram town in coastal region.
Bureau Report