SBI Computer Operator sent to 2 Years Jail in Bank Fraud Case
The CBI Court in Hyderabad has convicted and sentenced V. Chalapathi Rao, a computer operator at the State Bank of India’s Chandulal Baradari Branch, to two years of rigorous imprisonment and imposed a fine of ₹36,000 in a bank fraud case.
According to the Central Bureau of Investigation (CBI), the case was originally registered on May 1, 2002, following allegations that between 1996 and 2000, Chalapathi Rao conspired with P.P. Krishna Rao, then branch manager of SBI, and two private individuals — Viraja, wife of Chalapathi Rao, and Kaleem Pasha.
The investigation revealed that the accused fraudulently obtained pecuniary gains by sanctioning and releasing Big Buy Loans using false and fabricated documents amounting to ₹50 lakh.
After a detailed probe, the CBI filed three charge sheets on December 31, 2004. However, Chalapathi Rao had been absconding since 2005, leading to his cases being split under separate case numbers CC Nos. 08/2006 and 09/2006. The trials of the other accused individuals were completed earlier.
Following years of search, the CBI finally traced and arrested Chalapathi Rao on August 4, 2024, in Tirunelveli, Tamil Nadu, while he was allegedly attempting to flee the country under a different name.
After conducting a speedy trial, the CBI Court found Chalapathi Rao guilty and pronounced the judgment on October 31, 2025, sentencing him to two years of rigorous imprisonment and a fine of ₹36,000.
