The manager of a State Bank of India (SBI) branch in Hyderabad and his associates have been arrested in a fraud case worth Rs 175 crore.
The SBI branch manager in the city's Shamsheer Gunj area colluded with fraudsters, facilitating the opening of current accounts, aiding in withdrawal of funds, and orchestrating diversion of money, all in exchange for commissions, officers of the Cybersecurity Bureau Headquarters in Hyderabad told NDTV.