What happened to Rs. 55.47 crore of A.P. Minorities Finance Corporation?

The officials of APSMFC had taken out Rs. 55.47 crore from Vijay bank which had created uproar in the entire country. CBCID had unearthed this scam which left Ch. Venketakoti Sai Kumar, N. Venkat Raman and Vijay Sagar of Vijay bank without sleep for so many days. They were arrested by the police. The then MD of APSMFC, Mr. Ilyas Rizvi sought anticipatory bail from the court. Mr. Liaquath Ali, General Manager and Shaik Ahmed Ali, Accounts Officer were suspended. The then Secretary of Minorities Welfare Department, Mr. Dana Kishore had alleged that Mr. Ilyas Rizvi got Rs. 80 lakh as commission for keeping Rs. 80 crore in fixed deposits with Vijay bank. It has come to the notice that all the culprits are wondering freely. The strange thing is that Mr. Ilyas Rizvi, Mr. Liaquath Ali and Mr. Shaik Ahmed Ali are receiving 75% of their salaries while they are under suspensions. They received 50% salaries for the first 6 months of their suspensions. Mr. Dana Kishore was successful in getting back Rs.10 crore from Vijay Bank Koti, Rs. 4 crore from Viajy Bank Nalakunta and Rs. 5 crore. After his retirement Ms. K. Sharada Devi, IAS was made in charge of Vice President and MD of APSMFC. Now that Mr. Ahmed Nadeem, IAS has been appointed as Secretary of the Dept. of Minorities Welfare, people are asking what action he has taken against these culprits. Are political compulsions are coming in his way to take actions against these culprits?. Mr. Nadeem should seek details from DGP in this case so that people should know what Govt. is doing .

–Siasat News