4 weeks ago
1
Guntur territory CCS constabulary arrested a antheral for allegedly misappropriating funds astatine the Nallapadu GDCC Bank. The accused, Kunisetty Siva Naveen, was taken into custody connected Thursday (May 7, 2026), astatine a autobus halt other the SBI Bank successful Nagarampalem, Guntur city. He was produced earlier a tribunal connected Friday (May 8) and remanded to 14 days of judicial custody.
The apprehension was made nether the supervision of CCS DSP B.V. Madhusudana Rao pursuing directions from Guntur Superintendent of Police Vakul Jindal.
The lawsuit pertains to alleged large-scale fiscal irregularities successful the Nallapadu GDCC Bank involving erstwhile manager Devarakonda Aruna Kumari, erstwhile CEO Thorlikonda Krishnaveni, erstwhile president Ratamsetti Seetharamanjaneyulu alias Lalupuram Ramu, and different committee members. They are accused of violating banking norms and causing dense fiscal losses to the institution.
Police said Siva Naveen, a chartered accountant nominated arsenic a nonrecreational manager connected the bank’s governing body, allegedly supported decisions taken by the past president on with different members, contributing to the irregularities.
A lawsuit was registered astatine Nallapadu constabulary presumption nether assorted IPC sections, including transgression conspiracy, cheating, transgression breach of trust, and forgery. Police said efforts are nether mode to hint different absconding accused successful the case.
