Bringing curtains on the spate of scams happening in the Kalikiri branch of Bank of Baroda for the last three years, the Chittoor police have arrested 18 persons, including some staff members, in the case that involved alleged siphoning off over ₹1 crore from several accounts.
The prime accused Mulla Syed Ali Khan (34), working as a messenger in the bank, was picked up along with some of his relatives on Thursday near Indiramma Colony arch and ₹20 lakh cash and documents pertaining to six gold loan accounts were recovered from their possession.
The accused, in connivance with the bank staff, had allegedly diverted money to the tune of ₹1 crore from the accounts of several individuals and also Sanghamitra members. Zeroing in on the user identity and password of some bank staff, the police confirmed their involvement in creation of fake loan documents by forging signatures.
The staff had allegedly played an instrumental role in preventing SMS…