The Central Bureau of Investigation (CBI) Court in Visakhapatnam has sentenced two people to five years in prison in a bank fraud case.
The case is related to Vempadapu Santhoshi Ramu, who was working as a Clerk-cum-Cashier at Andhra Bank, and a private person named Mahanthi Ramana. Both have been given five years of imprisonment along with a total fine of ₹1,71,42,000.
Did You Know?
Andhra Bank was merged with Union Bank of India on 1 April 2020, along with Corporation Bank.
The court gave its judgment on 16 March 2026. The accused bank employee had already been dismissed from service.
According to CBI, the case was registered on 13 June 2018. It was found that the bank employee and the private person worked together in a criminal conspiracy. They committed fraud and misused money.
An amount of ₹1,71,41,162 was given to the bank employee for deposit in the account of Cheepurupalli Rural Electric Co-operative Society Ltd. This society was responsible for collecting electricity charges from people in remote areas of Vizianagaram district.
However, instead of depositing the money, the accused misused it.
After completing the investigation, CBI filed a chargesheet on 10 January 2019 against both accused.
After the trial, the court found them guilty and sentenced them to five years in jail along with a fine.
