Hyderabad Bank Employees Accused of ₹70 Crore Embezzlement from Own Workplace

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Hyderabad Bank Fraud: Employees Embezzle Rs 70 Crore from Unity Small Finance Bank

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News18•06-03-2026, 06:47

Hyderabad Bank Fraud: Employees Embezzle Rs 70 Crore from Unity Small Finance Bank

•Five employees of Unity Small Finance Bank's Hyderabad office embezzled Rs 70 crore through a massive loan fraud.
•Accused include Basam Nikhilesh Reddy, Kiran Lingam, Shaik Arshad Mohammed, Ajay Nevatia, and Sai Shravan Kumar.
•They stole login passwords, sanctioned unauthorized loans, manipulated repayment records, and approved loans without asset inspection between 2023-2025.
•Internal audit revealed Kiran Lingam diverted Rs 10.14 crore (271 accounts) and Shaik Arshad Mohammed Rs 59.94 crore (767 accounts).
•Police have registered cases; accused allegedly acquired significant assets in others' names.

Read Full Article on News18 in Telugu

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