CBI BOOKS SIX OFFICIALS OF INDIAN OVERSEAS BANK FOR MONEY LAUNDERING

NEW DELHI: The CBI has booked six officials of the Indian Overseas Bank in Andhra Pradesh’s Vijaywada and Guntur for allegedly misappropriating ₹4.56 crore from the accounts of a state government scheme providing cashless treatment to police personnel, officials said on Friday.

The agency also carried out searches at various places located in Andhra Pradesh and Tamil Nadu in connection with the case, they said.

“It was alleged that the secretary, Arogya Bhadratha was maintaining savings accounts with Indian Overseas Bank, Mangalagiri Branch in Guntur district and having four deposits of ₹90 lakh each and another account with deposit of ₹68.84 lakh, totaling ₹4.28 crore,” CBI spokesperson R C Joshi said The accused officials closed these four accounts without any request from the account holder. “It was further alleged that the proceeds of the four deposit accounts amounting to ₹3.87 crore and also ₹68.84 lakh (approx) in another account in the name of the secretary, Arogya Bhadratha were withdrawn in cash partially on various dates and transferred to unrelated accounts after routing through various banks office accounts and third party accounts,” he said.

Bhadratha and Arogya Bhadratha schemes of Andhra Pradesh government provides cashless treatment to police personnel.

The agency has booked Heli Veepuri, the then regional resource manager posted at the regional office in Vijaywada and officials at Mangalagiri Branch -assistant managers V Suresh, D Narasimha and K Sireesha as well as clerks M Adinarayana Murali and M Praveen Syam.