Employee held in Vijayawada SBI gold scam

21-09-2017 Thu 12:35

An employee of Vijayawada branch of State Bank of India (SBI), Krishna Chaitanya,has been arrested in the gold scam, that has rocked Andhra Pradesh (AP). Krishna Chaitanya, mortgaged 10.5 kg of gold, deposited by customers, in Mannapuram finance agency and took a loan of Rs. 3 crore. Crime Investigation Department (CID) officials, who discovered the deal, arrested the culprit. Another employee, Phani Kumar, has also been arrested, for helping Krishna Chaitanya. CID officials are investigating in to the role of the other employees also, in the scam.



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