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Krishi Bank chairman produced in sessions court

Written by: Staff
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Hyderabad, July 7 (UNI) The Crime Investigation Department (CID) sleuths today produced Krushi Bank Chairman K Venkateshwara Rao in the Namapally Metropolitan Session Court after the expiry of five days police custody.

The CID also filed a petition in the court seeking permission to conduct a 'lie-detector test on Rao.

The court issued a direction to send Rao to judicial custody and posted the hearing of the petition to July 10.

Mr Rao told the court that medical tests were not conducted properly on him. However, CID police informed the court that they had conducted medical tests on Rao as per the guidelines.

Following the court order, CID police took Rao to Chanchalguda Jail.

Mr Rao, who was brought here by the CID sleuths from Bangkok on June 27, was remanded in judicial custody till July 11. On July 2, CID police, after taking Rao into custody took him to the CID office in Masab Tank from Chanchalguda jail amid tight security.

On July 4, the CID police took Rao to a commerical complex in Abids, where he had a locker, which the police could not open for the past five years as they did not know the password. As Rao also could not remember the electronic locker password, police had to break the locker.

Some correspondence papers addressed to Jawahar Cooperative Urban Bank Limited in 1998 from HOUSEFED and AP State Coop Labour Contract Societies Federation Limited, Hyderabad, were found in the locker.

The papers were being examined.

Another team of CID, during their search at the house of Akkineni Babu Rao, father-in-law of Rao at Naidugudem village in West Godavari district found some documents and this was being investigated.

Meanwhile, the CID police decided to question 23 accused, who were already arrested in the multi-crore scam case.

UNI ASJ ROY SY PM1916

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