Three held in Telugu Akademi case
The Hindu
UBI bank manager and two others likely to be arrested soon
Chairman and Managing Director of A.P. Mercantile Cooperative Credit Society Ltd., (APMCCS) Vijayawada, and his two senior employees were arrested by the Hyderabad Central Crime Station police on Friday in connection with the alleged financial fraud in the Telugu Akademi fixed deposits accounts.
The accused and society C&MD B.V.V.N. Satyanarayana Rao, manager (operations) Vedula Padmavathi and relationship manager Sayyad Mohiuddin were remanded in judicial custody, Joint Commissioner of Police (Detective Department) Avinash Mohanty said.
While Rao was arrested in Vijayawada, where the society’s operations are active, the other two were taken into custody from the city.
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