HYDERABAD: With the arrest over, focus of the sleuths is on the crucial exercise of collecting evidence against Krushi Bank chief K. Venkateswara Rao.
CID Additional DGP M. Ratan, addressing a press conference hours before Rao was brought to city from Thailand, said police were making efforts to retrieve the nearly Rs. 6.6 crores invested by Rao in some Mumbai-based firms.
While allegedly siphoning off the deposits by applying loans on fictitious names and sanctioning the same by virtue of he being the bank chairman, Rao also diverted Rs. 6.6 crores, "During interrogation, we hope to secure more details," he said.