CM asks officials to step up probe into Krushi Bank issue

By Our Staff Reporter

HYDERABAD, AUG. 27. The Chief Minister, Mr. N. Chandrababu Naidu, on Monday asked officials investigating the Krushi Bank issue to step up the probe and book the culprits without delay.

At a review meeting with Ministers and officials, he asked the latter to seize the assets of the chairman and the other directors of the bank. He asked officials to take the depositors into confidence about the investigation's progress and arrest those responsible for the scam.

Among those present at the review were Home Minister, Mr. T. Devender Goud, and the Minister for Cooperation, Mr. C. Ramachandra Rao, and senior officials.

In another press release, the police said special parties had intensified efforts to arrest the chairman of the bank and its directors. About 25 places in the twin cities and other parts of the State had been raided in this connection.

The release said there were about 8,000 customers who had deposited upto about Rs. 1 lakh each. About 30 depositors met the Deputy Superintendent (Criminal Investigation Department) and recorded their statements regarding the case.

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Section  : Southern States
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