The sleuths of Crime Investigation Department (CID) have registered a case of Cheating and Criminal conspiracy against the employees of Andhra Pradesh State Minority Finance Corporation for fraudulently withdrawing 56 crores from a bank with the help of forged fixed deposit receipts.
Following the registration of a case, the CID sleuths today raided the Minority Finance Corporation premises and conducted searches.The Police also seized certain documents.
The huge amount of public money involved and loss occurred to the corporation shall be investigated by the CID, the Minorities Welfare department lodged a complaint with the CID.
–Bureau Report