CBI's anti-corruption unit in Hyderabad arrested Arvind Shukla, Official Liquidator, in connection with the "fraud", the agency stated in a release.
A case was registered on December 17, 2015 against Branch Manager, United Bank of India, Khammam branch, and others on the allegation that Official Liquidator funds to the tune of Rs 8,89,69,258 were deposited in the bank and were fraudulently withdrawn pre-maturely by a few private persons in connivance with bank officials, DIG (CBI Hyderabad Zone) V Chandrasekar said in the release.
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