Andhra Grameena Bank loan fraud: 8 public servants among 18 convicted

A special CBI court has convicted 18 people including 8 public servants and 10 borrowers for defrauding Sree Anantha Grameena Bank (renamed as Andhra Pragathi Grameena Bank) to the tune of Rs13.21 lakh.

By Newsmeter Network  Published on  26 July 2022 3:53 AM GMT
Andhra Grameena Bank loan fraud: 8 public servants among 18 convicted

Visakhapatnam: A special CBI court has convicted 18 people including 8 public servants and 10 borrowers for defrauding Sree Anantha Grameena Bank (renamed as Andhra Pragathi Grameena Bank) to the tune of Rs13.21 lakh.

Second Additional Special Judge Court for CBI Cases, Visakhapatnam, Venkata Ramana sentenced the accused to one to three years rigorous imprisonment and imposed a fine of Rs2.9 lakh.

Employees of Sree Anantha Grameena Bank, Peddapappur Branch in Anantapur district, had entered into a criminal conspiracy with borrowers and the revenue officials. They abused their official position as public servants and disbursed crop loans to fictitious persons by accepting fake and forged revenue records. The accused caused a loss to the tune of Rs.13,21,000 to the Andhra Pragathi Grameena Bank.

Three officers, G Obulesu (Branch Manager, D Dakshinamurthy (Officer in Advances), and Ch Basava Raju (Clerk) were sentenced to three years imprisonment. One retired Mandal Revenue Officer, SM Yousuf was sentenced to two years imprisonment and four panchayat secretaries were sentenced to two years in the bank fraud cases.

Public having complaints about corruption in Central Government Departments, PSUs, Nationalized Banks and Government Insurance Companies and information about demand of bribe, amassing of wealth disproportionate to their known sources of income by officials are requested to contact Superintendent of Police, CBI, Visakhapatnam in person, by post or over Toll-Free No. 1800 425 00100 or E.Mail ID: [email protected], Land Line No.0891-2783344, Mobile No.9492783344.

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