A farmer, who pledged his gold in SBI, Kanchikacherla branch, had the shock of his life when he found out that the gold had been sold by the cashier of the bank
Krishna: A cashier at State Bank of India, Kanchikacherla branch allegedly cheated a farmer of Rs 25 lakh. The farmer was trying to avail a gold loan. Cashier Godavarti Srinivasa Rao has been accused of selling the gold pledged by the farmer. The issue came to light when the farmer repaid the loan amount and requested the bank to return his gold.
The bank manager of the branch and the customer have filed a complaint in this regard with Kanchikacherla Police. Srinivasa Rao was taken into custody and the police have recovered 2.2 kg gold ornaments and Rs 25 lakh in cash from him.
