# Hyderabad car showroom directors booked for Rs 3.2 crore SBI fraud 2026-08-15T20:29:37+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Times of India reports that Hyderabad's Central Crime Station (CCS) police have registered a case against Quality Plaza Auto Cars Private Limited and its directors for allegedly causing a Rs 3.2 crore loss to the State Bank of India (SBI). The complaint was filed on August 12 by K Sanjay Kumar, branch manager of SBI's City Centre branch in Banjara Hills. According to the complaint, the company had availed a Rs 4.2 crore credit facility from HDFC Bank, which SBI took over in September 2017 with an enhanced exposure of Rs 1.7 crore. After multiple restructurings between 2018 and 2019, bank inspections in early 2020 found the Nizamabad showroom shut and hypothecated assets worth Rs 4.9 crore missing. The assets were disposed of without bank permission, and proceeds were not credited to the loan account. The account was declared a non-performing asset in February 2020 and classified as fraud in February 2021. Police have registered a case under Sections 418 and 424 read with Section 34 of the Indian Penal Code. A CCS official said the delay in lodging the complaint was due to the bank's efforts to restructure the loan and recover dues. The police are collecting details as part of the preliminary probe. ## Coverage - timesofindia.indiatimes.com This story was synthesised by AI from the source linked above. Tags: CCS, Hyderabad, N. Bhaskar Rao, N. Sai Tharun, SBI Canonical: https://indianopinion.org/hyderabad-car-showroom-directors-booked-for-rs-3-2-crore-sbi-fraud/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/hyderabad-car-showroom-directors-booked-for-rs-3-2-crore-sbi-fraud/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/