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Bank Credit Facility—Police Probing in to Complaint

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Hyderabad: On a complaint,  a case has been registered against the accused persons Vikramadithya and K Murali Krishna & others wherein the complainant stated that in the month of December,  2016,  with the help of  the then Bank Officials of Andhra Bank Kachiguda Branch,  the accused persons obtained a credit facility of 4.50 Crores on the guise of establishing a company on the name & style of Alluri Overseas Pvt. Ltd. by keeping the property of complainant as collateral security with the bank and later used an amount of Rs.2.34 Crores for their personal use and failed to pay the EMIs.
This case is being investigated by Assistant Commissioner of Police T.M.N.Babji under the supervision of  G. Jogaiah, Addl. DCP, EOW & SIT, Detective Department, Hyderabad.

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