Rs 24 crore fraud hits Union Bank’s Hyderabad branch, case filed

The Cyberabad economic offences wing has registered a case involving a Rs 24 crore fraud at Union Bank of India’s Ramachandrapuram branch. The complaint was filed by an assistant general managing director, with 11 accounts and multiple companies like R K Media Promotions and SVK Traders implicated. The investigation focuses on cheating, forgery, and criminal conspiracy.