Vishakapatnam: The CBI, on 8 January, booked Rajamundry-based Vijaya Durga Green Fields' directors for cheating Canara Bank to the tune of Rs. 8. 51 crores.

The investigating agency was acting on a complaint filed by the general manager of Canara Bank in connection with a fraud reported in the bank's Siripuram branch in Vishakapatnam.

Vijaya Durga Green Fields is engaged in trading all types of cotton. It is represented by directors Nandamuri Meena Latha, late Potluri Sitaratnam, and P. Mohan Murali Krishna.

The company took a working capital limit of Rs 8.5 crores from Canara Bank, Vishakapatnam. However, at the beginning of 2019, the company's account turned into a non-performing asset. An independent audit carried out by the bank revealed many discrepancies in the financial transactions. The company has cheated the bank to the tune of Rs. 8.51 crore, said the CBI.

The agency has booked Nandamuri Meena Latha and P. Mohan Murali Krishna under sections 120 (B) and 420 (criminal conspiracy and cheating) of the IPC and section 13(2) read with 13 (1)(d) of the Prevention of Corruption Act.

Coreena Suares

Coreena Enet Suares is the Editor of NewsMeter. Her stories have been published in the Deccan Chronicle Newspaper and the Asian Age. Coreena began her career as a News Anchor. Throughout her journey, she has been able to build a strong network with people from all walks of life. She is an alumnus of Edward R. Murrow Program for Journalists- Research and Investigation, a flagship initiative of the International Visitor Leadership Program (IVLP) Coreena is also a certified fact-checker by Google India Initiative. She has attended the 'Defence Correspondents Course 2019, through which she visited Indo- Pak border, besides traveling on a War-ship and insight into operations of Fighter aircraft. Coreena's focus areas are anti-crime investigation agencies and Defence reporting. You can follow Coreena on [email protected]

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