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Deccan Chronicle

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Bank Fraud: ED Attaches 2.91 Cr Assets

The agency initiated investigation following a case registered by the ACB against Korrapati and others. As per the FIR, Korrapati fraudulently availed credit facilities amounting to Rs 10 crore from Syndicate Bank, Chandanagar, by submitting forged sub-contract agreements and non-existent work orders. With interest, the amount grew to Rs 12.3 crore

31 Jan 2026 11:45 pm