The suspects identified as MNS Bhushan Reddy, the operations manager and D Srinivas, an accountant of Neon Metal Crafts have allegedly contrary to the provisions of that company, established another company named Adinath Industries.
The Hyderabad Central Crime Station (CCS) officials arrested Dr. B.Lakshmi alias Bhagya Lakshmi (63), a former Director in Administrative Staff College of India (ASCI) on charges of siphoning funds of nearly Rs 88 lakh using fake invoices.
