The First Information Report (FIR) was filed based on a complaint lodged with the police by the bank's current Chief Executive Officer (CEO), Atluri Veera Babu on Monday night
The previous managing committee, Board of Directors and president allegedly embezzled funds to the tune of Rs 7.32 crore. The irregularities came to the fore during an enquiry by Additional Registrar/Chief Auditor, V Sumitra.
