Former bank clerk, accomplice get 5 years in jail in ₹1.71 crore fraud case

The CBI Court, Visakhapatnam, connected Monday convicted and sentenced Vempadapu Santhoshi Ramu, past Clerk-cum-Cashier of Andhra Bank, Cheepurupalli subdivision successful Vizianagaram district, who was dismissed from service, and a backstage individual, M. Ramana, to 5 years’ imprisonment and imposed a full good of ₹1,71,42,000 successful a slope fraud case.

The CBI registered the lawsuit connected June 13, 2018. According to the agency, Vempadapu Santhoshi Ramu entered into a transgression conspiracy with M. Ramana, committed transgression breach of trust, and misappropriated ₹1,71,41,162 entrusted to him. The magnitude was meant to beryllium deposited successful the relationship of the Cheepurupalli Rural Electric Co-operative Society Ltd., which is liable for collecting powerfulness depletion charges from distant consumers successful Vizianagaram district.