CID which is probing into the multi-crore scam in Andhra Pradesh Minority Finance Corporation has taken the 4 accused involved in the case in 7-day custody. Soon after taking them into custody, CID, speeding up the investigations, conducted raids on the houses of B Keshav Rao and Naveen Sagar and recovered 3 lakh rupees from their houses.
CID sources told that the kingpin of the scam V K Saikumar and his three aides N Venkata Raman, Naveen Sagar and Keshav Rao have been taken into custody and interrogations have begun.
Police also carried out a search operation at the house of assistant manager of Vijay Bank, Naveen Sagar at Musheerabad. CID is trying to know through whom Keshav Rao made contacts with corporation officials and taking the officials into confidence made them to fixed-deposit crores of rupees in the bank which were later gobbled up by the kingpin and managing director of ‘one card one nation’ Sai Kumar and his aide Venkat Raman.
Siasat news