ELURU: The CBI has registered a case against the suspended Assistant General Manager of State Bank of India and 13 others in connection with the fraud that took place at the SBI main branch in Tanuku last month.
During its inquiry, the CBI found that the bank officials who colluded with some private firms in the aftermath of demonetisation, allowed them to withdraw `2.49 crore in a single day in violation of the RBI guidelines.
Bank AGM KV Krishna Rao was already suspended in connection with the fraud.
The CBI officials of Visakhapatnam registered the case against KV Krishna Rao (A-1), S Balaji (A-2), assistant manager, G Israel Raju (A-3), LV Naveen (A-4), and B Ramachandra Raju (A-5), deputy managers of SBI, Tanuku main branch, Sri Ramakrishna Raw & Parboiled Rice Mill (A-6), Pattabhi Agro Foods Pvt Ltd (A-7), Vijayasree Foods (A-8), Gowthami Constructions (A-9), Sri Maheswari Coconut Company (A-10), Ravali Spinners Pvt Ltd (A-11), Indian Hair Ltd (A-12), Hemadri Rice Mill (A-13) and Nishi Egg Poultry Products Pvt Ltd (A-14) under Sec 120B read with 420, 409 of IPC and Sec 13(2) r/w 13(1). The officials had withdrawn cash beyond the limit from their bank accounts.