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CBI raids FD scam kingpin houses
Highlights
The Central Bureau of Investigation (CBI) officials seized property worth Rs 1.3 crore from the houses of Damodar Mani, the prime accused in the liquidated fixed deposits’ diversion scam.
Hyderabad: The Central Bureau of Investigation (CBI) officials seized property worth Rs 1.3 crore from the houses of Damodar Mani, the prime accused in the liquidated fixed deposits’ diversion scam.
Searches have been conducted in his houses in Prakasam district and Hyderabad simultaneously and quite a few incriminating documents were seized.
The CBI had earlier booked cases on former SBH employee K V Ramana Rao and 11 others including Damodar Mani, for diverting the liquidated funds worth Rs 35 crore into the bank accounts of various private persons across the country.
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