Employees questioned in Telugu Akademi scam

Hyderabad: The Detective Department sleuths continued their probe into the alleged Telugu Akademi fixed deposits scam on Sunday. Some of the employees were questioned by the investigators to know more about the financial transactions and other aspects of the accounts handling in the Akademi. The officials questioned a former director, an outsourcing employee and another […]

Hyderabad: The Detective Department sleuths continued their probe into the alleged Telugu Akademi fixed deposits scam on Sunday.

Some of the employees were questioned by the investigators to know more about the financial transactions and other aspects of the accounts handling in the Akademi. The officials questioned a former director, an outsourcing employee and another person connected to the financial dealings.

The Detective Department registered three cases following the scam. Four persons, BVVN Satyanaryana Rao, CMD of AP Mercantile Cooperative Credit Society Limited, Vijayawada, V Padmavathi, manager (Operations) in AP Mercantile Cooperative Credit Society, Hyderabad and Sayyad Mohiuddin, relationship manager and Shaik Mastanvali Saheb, who earlier worked as chief manager with the Union Bank of India, Karwan branch were arrested and remanded by the police in the case.

The police said that they will be filing a custody petition before the court on Monday seeking week long police custody of the four persons. The police might arrest a few more persons.

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