Three more held in Telugu Akademi episode
The Hindu
More arrests likely soon, say sources
Continuing their probe into the scam-hit Telugu Akademi’s ₹ 64.50 crore fixed deposits fraud, Hyderabad Central Crime Station police on Saturday arrested three more persons, including an Akademi staff.
The arrested are Akademi employee Vinay, and mastermind Chunduri Venkata Koti Sai Kumar’s associates Bhupati and Ramana Reddy.
With this, the total arrests in the case rose to 13. Confirming the arrest, sources said that the trio used to liaison paperworks between banks and the Akademi, including fake documents.
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