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States » SouthPosted at: May 10 2025 9:49PM


Five more arrested in Rs 2.86 cr IDBI bank fraud case by Telangana CID

Hyderabad, May 10 (UNI) The Telangana Crime Investigation Department (CID) arrested five more individuals on May 9 in connection with a major loan fraud case involving the IDBI Bank’s Sattupalli branch, Khammam district.
This follows the earlier arrest of Chettipogu Suresh, a former Business Correspondent of the bank.
The case involves criminal breach of trust, forgery, cheating, and conspiracy by the then Branch Manager Nallagopula Ramesh, Business Correspondent Suresh, and their associates, who fraudulently obtained Rs 2.86 crore in loans by submitting forged revenue documents under the Kisan Credit Card and Micro Loans schemes between 2015 and 2016.
The recent arrests include Bobbili Vengal Rao, Bobbili Jaganatham, Yelike Haribabu, Mudagandla Rajashekhar, and Pinneboyana Konda Babu. These individuals played key roles in fabricating documents and seals used in the fraudulent loan processing. The accused were produced before the magistrate and remanded to judicial custody.
The investigation, led by Inspector J. Ramu under the supervision of CID Director General Shikha Goel, is ongoing, a statement from DGP office here said on Saturday.
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Tags: #Five more arrested in Rs 2.86 cr IDBI bank fraud case by Telangana CID
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