Tirupati: While the ‘Lucky Bhaskar’ in reel life used bank money to support his family while battling debt and humiliation, the real-life counterpart at Nagalapuram’s Union Bank took a far darker route. Assistant manager Arava Suryatej allegedly misused gold pledged by customers to fuel his online betting addiction.
The shocking gold loan scam at the Union Bank of India’s Nagalapuram branch has placed Suryatej at the centre of a major controversy. Investigations have revealed that his compul-sive gambling led him into severe debt, compelling him to exploit bank assets to cover his losses. Over just 50 days, he reportedly wagered an astounding Rs 2.5 crore on online casino platforms, culminating in a massive financial scandal. …
