Telangana CID Arrests IDBI Bank Manager in Mumbai in Rs 2.86 Crore Loan Fraud Case
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There is a big news related to IDBI Bank. The Crime Investigation Department (CID) of the Telangana Police has arrested IDBI bank manager from Mumbai in connection with a ₹2.86 crore loan fraud case. This case was originally registered in 2021. With this latest arrest, the total number of people taken into custody in this case has now reached seven. Recently, PNB Officers have been Booked for Rs.95 Lakh KCC Loan Scam in Morena, Madhya Pradesh
Who Was Arrested?
The person arrested is Bukya Suresh, a 37-year-old IDBI Bank manager currently working at the CBD Belapur branch in Mumbai. Earlier, he had served as an assets officer at the Sattupally branch of the same bank in Telangana.
Suresh was taken into custody by the CID, produced before a local magistrate, and then sent to judicial remand. His arrest comes just two weeks after five others were arrested for their alleged roles in the same case.
Background of the ₹2.86 Crore Fraud Case
The case involves the unauthorized sanctioning of loans by bank officials between March 2015 and September 2016. During this period:
- Loans worth ₹2.61 crore were given to 279 farmers under the Kisan Credit Card (KCC) scheme.
- Another ₹25 lakh was disbursed as microloans to 26 individuals.
These loans were allegedly approved without proper verification, using forged documents.
The scam came to light during an internal audit conducted for the financial year 2018-19. The audit showed major irregularities and unusual financial activity in loan processing.
After the audit findings, a detailed investigation was carried out by the bank authorities and revenue officials. It was found that the pattadar passbooks (documents showing land ownership used to apply for loans) submitted by the borrowers were fake.
Two main people are accused in this case:
- Nallagopula Ramesh – Former branch manager of IDBI Sattupally
- Chettipogu Suresh – A business correspondent of the bank
Both are suspected of working together with others to approve and process fake loans using forged documents. The Telangana Police have filed the case under several sections of the Indian Penal Code (IPC) for fraud, forgery, and criminal conspiracy.
The investigation is still underway, and more arrests are possible as the police continue to uncover the full extent of the scam. The case highlights the need for strict monitoring and regular audits in banking operations, especially in rural and agricultural loan sectors.
