Hyderabad, May 10 -- The Telangana Crime Investigation Department (CID) arrested five more individuals on May 9 in connection with a major loan fraud case involving the IDBI Bank's Sattupalli branch, Khammam district.
This follows the earlier arrest of Chettipogu Suresh, a former Business Correspondent of the bank.
The case involves criminal breach of trust, forgery, cheating, and conspiracy by the then Branch Manager Nallagopula Ramesh, Business Correspondent Suresh, and their associates, who fraudulently obtained Rs 2.86 crore in loans by submitting forged revenue documents under the Kisan Credit Card and Micro Loans schemes between 2015 and 2016.
The recent arrests include Bobbili Vengal Rao, Bobbili Jaganatham, Yelike Haribabu, Mudag...