Two arrested in Rs 1.39 crore bank fraud case
The accused are, M Srinivas, 37, and P Ravi, 25, of Khaja Bagh in Saidabad. On June 1, CCS police received a complaint from the Chief Regional Manager of Indian Overseas Bank (IOB) stating that P Ravi and seven other accused availed Rs 1.39 crore loan under PMEGP Scheme (Prime Minister's Employment Generation Program) from the IOB’s Pathergatti Branch to start units for manufacturing cement bricks.
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The accused are, M Srinivas, 37, and P Ravi, 25, of Khaja Bagh in Saidabad. On June 1, CCS police received a complaint from the Chief Regional Manager of Indian Overseas Bank (IOB) stating that P Ravi and seven other accused availed Rs 1.39 crore loan under PMEGP Scheme (Prime Minister's Employment Generation Program) from the IOB’s Pathergatti Branch to start units for manufacturing cement bricks. 
