Telugu Akademi scam: 10 booked by CCS police, Details here!!

The Telugu Akademi financial scam case is taking new turns.

So far, ten people have been arrested in connection with the financial scam in Telugu Akademi.

Till Oct 5, the number of people arrested was four.However, today, the number has increased from 4 to 10.A total of Rs 64 crore were drawn from the three banks that were involved in the scam.The accused looted funds in fixed deposits.

Police found that the total money was drawn by the accused from Sankranthi-2021 to September this year.In addition, the academy is expected to shell out Rs 324 crore by December.

However, below are the details of the ten accused arrested in this case.Fraud cases were registered against Mastan Vali (Union Bank Manager) as A1, Raj Kumar (Agent) as A2, Satyanarayana Raju (AP Mercantile Bank) as A3, and Padmavati (AP Mercantile) as A4.A case has been registered against Mohiuddin (AP Marketing) as A5, Chunduri Venkata Sai (agent) as A6, Nanduri Venkat (agent) as A7 and Venkateshwar Rao (agent) as A8.A case has been registered against Ramesh (Telugu Academy Accountant) as A9 and Sadana (Canara Bank manager) as A10.