Wed, Dec 02, 2015, 08:29 AM
A gang allegedly swindled Rs 30 crore fixed deposit amount from SBH branches using fake fixed deposit certificates at Malkajgiri, Ghatkesar and Annojiguda. The High Court appoints a liquidator to supervise all transactions related to closed companies. The liquidator would seize properties and deposit cash in the banks. It is learnt that the gang submitted fake bond certificates to banks which look a like with original for the cash deposited by liquidator with the support of some corrupt bank officials. Gang members submitted fake bond certificates to the High Court and withdrew cash by using original bond certificates.