A defaulter named Malyadri cheated 8 bankers of 22 Cr worth loans, reported in Visakha. Malyadri, also a rowdy sheeter turned builder defaulting banks came into light recently in Vizag. There are more than 6 cases on him which are of land grabbing and cheating. He is running a construction company named MMFC in Vizag with his wife Suhasini as MD. He owns an open land of 660 sq yards in Madhurawada on which he could able to get Rs 22 cr worth loans proving the bankers blind. He also cheated private financiers in the same way and obtained money from them. After knowing the facts Banks filed a case on him in Maharani PS for which the police arrested Malyadri and his wife Suhasini and sent them for remand. Police are also suspecting the role of bankers in the case without whose support it is impossible to happen.