22 of the 23 accused already arrested
Hyderabad, June 17, 2006A special police team headed by Eluru Range Deputy Inspector General of Police CV Anand is leaving for Bangkok on June 20 to bring back K.Venkateswararao. It may in this context recalled that the Chairman of Krushi Bank, K.Venkateswara Rao who fled five years ago duping depositors to a tune of Rs.32 crore and was lodged in jail there.
This is the first time that Crime Investigation Wing (CID) which probed the case extraditing a fugitive. Of the 23 accused in the case, 22 have already been arrested after the scam broke in 2001. He left the country, even before the scam came to light. A red corner notice was issued and with the assistance of Interpol, Bangkonk police nabbed him a few months ago. The extradition orders were issued on June 28. It may be noted that the CID has auctioned the properties and realized monies to a tune of Rs.10.6 crore.
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