KRUSHI BANK(AUGUST 2001): Krushi Bank chief K.Venkateswara Rao fled the country in 2001 after allegedly duping 8,300 depositors of nearly Rs.32 crores. The Interpol arrested him in Thailand in October 2005 and was extradited to India in July 2006.
CHARMINAR BANK(MAY 2002): The bank chairman Syed Alamdar Hussain Sajjad Aga commited suicide after the scam came to light. Board members of the bank borrowed Rs.445 million from the bank. The CID booked the auditors for giving a rosy picture of the fuctioning of the bank that attracted large number of depositors.
PRUDENTIAL BANK(APRIL,2003): The biggest urban coop bank scam in the city was that of the Prudential Bank, which had a bad loan portfolio of about Rs.550 crore. The scam fully exposed the nexus between the managements and the defaulters. The police booked all the directors(even the former directors) of the bank following the scam. The Reserve Bank and Registrar of Co-opertaives have serious lapses in loan disbursals.
GLOBAL TRUST BANK(JULY 2004): Ramesh Gelli's Global Trust Bank, which collapsed in 2004 after fudging figures, had Pricewaterhouse Coppers. In the GTB case, PWC had shown fewer non-performing assets, making the bank seem stronger than it was.
NAGARJUNA FINANCE LIMITED(DECEMBER 2008): The promoter of the company, KS Raju, was lodged in Chanchalguda jail after being arrested in a criminal case pertaining to payments to depositors. Raju who was allegedly involved in siphoning of hundreds of crores of rupees from the Nagarjuna Finance depositors , is now in Gandhi Hospital. NFL had collected money from people in the form of deposits. They have 94 cases filed against them.
SATYAM COMPUTERS(JANUARY 2009): The chairman of Hyderabad's Satyam Computers confessed to fudging the company's books to the tune of over Rs. 7000 crores.
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