Shock: 8 Cr stolen from Hyd High Court!

Money scam crimes in India have become very popular recently with the most shocking one being the illegal withdrawal of a whopping amount of Rs 8 crore from the Hyderabad High Court through a state-run bank. The bank, situated in the Malkajgiri area, withdrew the money from several fixed deposits that belonged to the High Court’s Liquidated Funds.

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A total amount of 9 crores was deposited in October in a number of fixed deposits after which the bank gave fake deposit bonds to the depositor, the original ones used recently to carry out the scam. The incident is being investigated by Hyderabad Police, Malkajgiri division, whose assistant commissioner, M Ravichandan Reddy, stated that the money was withdrawn and then transferred to about 13 different accounts.

The investigation is still in process and offences like cheating and forgery among others have been registered.