Summary:
The retired employees of CRPF have allegedly played a key role in getting loans from the Secunderabad branch of State Bank of India (SBI) and illegally diverted the funds to the accounts of middlemen. Days after the CBI officials registered criminal cases against former SBI assistant manager K Emmanuel and others for diverting Rs 45 lakh funds, the bank officials have prepared an internal report and submitted the same to the CBI officials. We understood that a few retired CRPF employees have acted as facilitators (middlemen) between the employees of various CRPF battalions and SBI, Secunderabad branch officials for filling applications. The loans were sanctioned to the CRPF employees based on their KYC, salary certificate and CIBIL reports. The loan applications were mainly routed through two retired employees of CRPF 99 Battalion -- G Srinivasa Rao and B Prakash..