Charminar scam accused in judicial custody

hyderabad: the metropolitan sessionsjudge on monday remanded ibrahim ali khan, mir inayath ali naqvi, m mohan reddy,m rohit reddy, and c s sirish, all accused in the charminar bank scam, tojudicial custody till april 26. according to the police, ibrahim ali khan wasthe managing director of the bank and the signatory to the minutes book and mirinayath ali naqvi was the bank’s valuator. the other three accused are theloanees who were earlier arrested and remanded to judicial custody by the ixmetropolitan magistrate in connection with the case. the accused are alleged tohave procured loans by forging documents and invested the loan amounts in fivedifferent firms. on investigation, it was found that they had fabricated thedocuments and had not repaid the loan amount.