Hyderabad: The Crime Investigation Department (CID) of Telangana police arrested an IDBI bank manager from Mumbai in connection with the Rs 2.8 crore fraud case registered in 2021, bringing the total number of arrests to seven.This latest arrest comes two weeks after five others were taken into custody in the same case.The arrested was identified as Bukya Suresh (37), currently serving as the IDBI bank manager at the Mumbai CBD Belapur office. He had previously worked as an assets officer at the Sattupally branch. Suresh was produced before the local magistrate on Saturday and sent to judicial remand.The case pertains to Rs 2.86 crore fraud in which bank officials allegedly sanctioned unauthorised loans to 305 individuals between March 2015 and September 2016. The fraudulent scheme included Rs 2.61 crore disbursed as Kisan Credit Card loans to 279 farmers and Rs 25 lakh in microloans to 26 individuals.The scam came to light during an internal audit for FY 2018-19, which revealed procedural lapses and suspicious financial transactions. A subsequent investigation by the bank, along with the revenue authorities, confirmed that the pattadar pass books submitted for loan approvals were forged.The main accused in the case include Nallagopula Ramesh, the former branch head of Sattupally IDBI, and Chettipogu Suresh, a business correspondent of the bank, who allegedly colluded with associates to process loans using fake documents. The case was registered under relevant sections of the IPC.
