SBI Ramanthapur branch manager, Ganga Mallaiah Bhageeratha, was arrested for siphoning Rs 3.3 crore from customers' loan accounts. He transferred the funds to personal and family accounts. Accused of cheating and forgery, Bhageeratha and Shaik Saidulu from CAG Banjara Hills branch manipulated loan approvals with fake documents, tricking account holders into transferring excess funds. Bhageeratha is in judicial remand.
