Archive · 23 Sep 2025
PACS Forum Rejects Corruption Allegations in DCCB Case
Imagine a group of leaders from different banks got together to clear up some rumors.
They said some old news about problems with a wall around the bank was already taken care of years ago.
They explained the new wall was built properly.
They also said some former bank employees are spreading lies.
These leaders stated that the bank’s current leaders and workers have nothing to do with past problems.
They want to make sure everyone knows they’re following the rules.
PACS Forum refuted reports aimed at tarnishing the bank's image.
Allegations regarding the compound wall were addressed five years ago.
Forum stated the new wall construction followed tender norms.
Current chairman and bank officials have no connection with prior corruption.
The Forum demanded criminal cases against those making false allegations.
- Who
- PACS Chairmen’s Forum
- What
- Refuted corruption allegations and defended bank's image
- When
- At a press conference on Monday
- Where
- Mahbubnagar
- Why
- To counter reports and allegations against the bank
PACS Forum
Former CEO & Accusers
Regarding Compound Wall
PACS Forum
New wall built according to standards; older allegations resolved with funds recovered and action taken.
Former CEO & Accusers
Linking old cases to present construction to mislead people.
Computer Purchase Scams
PACS Forum
Current chairman and bank officials have no connection with past corruption.
Former CEO & Accusers
Former CEO orchestrated false propaganda.
Petrol Bunk Scam
PACS Forum
Former CEO collected Rs 1 crore from PACS chairmen under the pretext of facilitating petrol bunks, but misappropriated the money.
Former CEO & Accusers
Demands criminal cases against former CEO and recovery of funds.
- Organization
- PACS Chairmen’s Forum
- Location
- Mahbubnagar
- Allegations Addressed
- Construction of compound wall
- Previous Inquiry Outcome
- Funds recovered, action taken
- Allegation Source
- Former CEO Lakshmaiah