Rs.2 cr crop loan fraud comes to light in Nizamabad district,Telangana State

Nizamabad: A bank manager, field officer, Mee seva centre owner and suspended revenue employee allegedly formed a coterie and prepared fake pattadar passbooks on the name of some landless labourers, and took crop loans of Rs 2 crore without intimating this to the beneficiaries, from Syndicate Bank, Yedapalli mandal hq branch, of Nizamabad district. After coming to know of this issue, the beneficiaries are a worried lot and are demanding action against the culprits.

The government issues crop loans through banks to farmers on the basis of their land and paying capacity, but Syndicate Bank manager and field officer of



Yedapalli branch, hatched a plan to take loans in the name of some land owners and prepared fake pattadar passbooks with the help of a suspended revenue employee and Mee seva centre owner. They collected Aadhar card, bank passbooks xerox copies and personal details of applicants, who wanted to take bank loans.

Later, they prepared pattadar passbooks in the name of over 100 persons and got sanctioned over Rs 2 crore worth bank loans and credited the money into their accounts. They later diverted these amounts into the Syndicate Bank manager’s and field officer’s accounts.