Bank Manager Arrested In Money Fraud Case

Police had arrested Andhra Pragathi Grameena Bank Manager for misusing the funds to the tune of Rs 47 lakh.  The Manager  Gautam Padmaraju in collision with his three friends created fake passbooks by using farmers Aadhar card numbers. 

In the general audit,  it was found that the non performing assets has been increased to more than Rs One crore. 

The official was suspended soon after the misuse of bank money came to light.  The absconding Padmaraju was arrested and produced before the court.