Asst Accounts officer held for fraudulent bank transactions

Hyderabad, Dec 13 (UNI) The Central Crime Station (CCS) police today arrested Indian Charted Financial Analyst of India (ICFAI), Assistant Accounts officer for forging the signatures of authorities and withdrawing an amount of Rs 98.65 lakh by way of Real Time Gross Settlement (RTGS) from HDFC bank in the city.

According to a press release here, the CCS police had arrested B Chinna Appa Rao while he was about to encash the fixed deposit receipts worth Rs 10 lakh from a bank and recovered Rs 83,39,500 from him.

The accused confessed that he had opened current accounts in various banks in the name of a bogus company to deposit the stolen money.

The ICFAI General Manager J Gopal Aiyer complained to the police on November 12 that an amount of 98.65 lakh was fradulently transferred from HDFC bank from the account of ICFAI into the account of Sneha Marketing at State Bank of Hyderabad branch in the city.

UNI