Telangana CID arrests former BSNL employee for duping people of Rs 20 crores

B Anantha Rao collected the amount from cooperative credit society members but did not deposit it in the bank and misappropriated it

Hyderabad: The Telangana Crime Investigation Department arrested a former BSNL employee for allegedly duping people to the tune of Rs 20 crores.

According to the police, the suspect B Anantha Rao, (63), who previously worked as Superintendent in BSNL and a resident of Nalgonda along with others were members of BSNL employees cooperative credit society limited, Nalgonda.

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The society collected the amount from the members but did not deposit it in the bank and misappropriated it. They issue fake bonds to the depositors.

A case was registered in 2022 and since Anantha Rao was absconding. A team of CID arrested him on Wednesday.