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Cheating case against Andhra Bank CMD, 4 others
The Saifabad police have registered a criminal case against the Andhra Bank CMD and four other officials in connection with the auction of a plot at Ongole town in Prakasam district of Andhra Pradesh.
Hyderabad: The Saifabad police have registered a criminal case against the Andhra Bank CMD and four other officials in connection with the auction of a plot at Ongole town in Prakasam district of Andhra Pradesh.
Following a complaint by Raju, a doctor, the case was registered by police here on August 11 against Andhra Bank Chairman and Managing Director CVR Rajendran and four others for criminal conspiracy, cheating and other relevant offences under the IPC, inspector P Ashok said adding that they registered the case following the court order. “The bank issued an auction advertisement of a plot near Kothapatnam railway gate in Ongole. My friends and I paid Rs 2.26 lakh in August 2013 and paid the balance amount of Rs 6.78 lakh in September 2013. But when we sought to get possession of the land, the bank officials allegedly issued sale certificate for another plot which was not near the railway gate but was in fact a pond, about 1 km away, contrary to the advertisement,” said the complainant.
On refusal of refunding money by the bank officials, Raju moved the magistrate’s court seeking action against the officials for cheating and conspiracy.
