The trio was apprehended by a CBI team which arrived here from Chennai and produced in a special CBI court which remanded them in judicial custody.
According to sources, SGFL busibess development officer Kishore Babu, Digital PC Technology Pvt Ltd Managing Director K Vijay Kumar Chanakya and Chief Financial Officer (CFO) A Satyanarayana Murthy were held for entering into a conspiracy to take loan to the tune of Rs 15 crore from SBI in 2009 on alleged submission of forged documents.
The loan payment was not made and after verification it was found that the documents produced by the accused trio were false, sources said, adding the bank then lodged a complaint aginst them with the CBI.
SGFL was taken over by State Bank of India in 2010, with the SIDBI, Bank of Maharashtra and Union Bank of India also having stakes in the company.