Case against Andhra Bank CMD, others for alleged cheating

Case against Andhra Bank CMD, others for alleged cheating

City Police have registered a criminal case against the Andhra Bank CMD and four other officials in connection with auction of a plot in Ongole town in Prakasam district of Andhra Pradesh.

Following a complaint, the case was registered by Saifabad police here on August 11 against Andhra Bank Chairman and Managing Director CVR Rajendran and four others for criminal conspiracy, cheating and other relevant offences under the Indian Penal Code, inspector P Ashok said.

"Following the court order upon a private complaint by Raju, a doctor, we have registered a case against Rajendran and four others. The matter is under investigation and they will definitely be questioned," he said.

According to Dr Raju, the bank issued an advertisement for auction of a plot near Kothapatnam railway gate in Ongole. He and his friends paid Rs 2.26 lakh in August 2013 while the balance Rs 6.78 lakh was paid in September 2013.

But when they sought to get possession of the land, the bank officials allegedly issued sale certificate for another plot which was not near the railway get, and was in fact a pond, about 1 km away, contrary to the advertisement.

Raju sought refund of money, but bank officials refused, the complaint says. He then moved the magistrate's court, seeking action against the officials for fraud.

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