Producer and Bank Employees Arrested for Rs. 40 Crore Fraud

Article by Shanaz Published on: 9:41 am, 31 July 2024

A Tollywood film producer, Shaik Basheed, and two bank employees, K Ramaswamy and Sapai Rajesh, were arrested for a financial fraud of Rs. 40 crores in Hyderabad. They illegally debited money from the bank and diverted it to different accounts. Basheed used part of the money to buy luxury cars.

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