Top IDBI officials arrested in Rs -743cr fraud, 3 more cases filed

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“Damodaran and Rama Rao hatched a conspiracy and misused their official position by directing the branch level officers to submit positive reports regarding the 677 borrowers in all the three cases pertaining to the Rajahmundry, Palangi and Bhimavaram IDBI branches, as arranged by the aggregators …

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