Cheques distribution held at Nampally Court Complex The beleaguered depositors of Krushi Bank, who were eagerly waiting from past 10 years, have finally received their money, Tueasday. The exercise of distribution of cheques to the depositors had been taken up at Nampally Courts complex.

The first additional metropolitan sessions judge has earlier issued orders to disburse money to the depositors. Meanwhile, The sum amounted after auctioning the properties of Bank's chairman and managing director, Venkateswar Rao, would be credited to 787 depositors till 29th of this month.

On other hand, the investors showed dissatisfaction over payment of amount without adding interests rates. With collapsing of Krushi Bank in the year 2001, hundreds of depositors have lot their investments. Mr Rao, had later been arrested for cheating.

Published Date : wednesday , Oct 20, 01:23PM IST

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