ED arrests key accused in US fake call centre scam
The case relates to an alleged fraud at Mahesh Cooperative Bank in which FIRs were registered by Hyderabad police in 2024. The underlying allegations included irregular loans exceeding ₹300 crore, alleged diversion of ₹18.3 crore linked to construction expenditure, forgery and misappropriation of funds. Hyderabad: The appellate tribunal under SAFEMA has upheld the Enforcement Directorate ’s retention of currency and documents seized from AP Mahesh Cooperative Urban Bank chairman Ramesh Kumar Bung, rejecting his challenge of the order of the PMLA Adjudicating Authority. The tribunal, however, left Bung free to raise his arguments regarding his factual involvement in the alleged offences during the criminal trial or at the stage of framing of charges. Case linked to AP Mahesh Bank probe The ED investigation arose from Hyderabad police FIRs alleging cheating, criminal breach of trust and financial irregularities involving AP Mahesh Cooperative Urban Bank. The complaints were lodged by AP Mahesh Cooperative Bank Shareholders Association secretary Shyam Sunder Biyani. You Can Also Check: Gold Rate in Hyderabad | Silver Rate in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Hyderabad AQI | Weather in Hyderabad | Petrol Price in Hyderabad | Diesel Price in Hyderabad | CNG Price in Hyderabad | LPG Price in Hyderabad