According to sources, CBI is likely to issue an FIR in the next two days to State Bank Of Hyderabad regarding fraud case. The Hyderabad High Court ordered the probe and the CBI is trying to get more information regarding the frauds committed by the racketeers in both AP and TS. CBI source said,”We are seriously working on the case. So far three cases of cheating have been detected. We are also working on other information.”
The amount involved in the fraud at the SBH’s Malkajgiri and Khammam branches have touched Rs 38 crore. The cops also found that 18 crore belonging to undivided AP Housing Board which was parked with the Ghatkesar branch was also siphoned off.
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