Andhra Pradesh : CBI registers FIR against SBI officer in fraud case
The Central Bureau of Investigation said that it has registered a case against a State Bank of India (SBI) official for allegedly causing loss of Rs 7 crore to the bank in Andhra Pradesh. Along with this, the Central Investigation Agency has also conducted searches at three different places in connection with the case.
CBI said the agency has registered a case against Rapaka Venkata Raman Murthy, a cash in-charge employee and cash in-charge of SBI’s Sakhinetipalli branch in East Godavari district of Andhra Pradesh.
The official said Murthy was accused of creating a gold loan account with CBS without pledging the necessary gold ornaments.
In the complaint, the bank also alleged that during the period between December 30, 2016 and January 1, 2021, it deposited loan amount in 319 savings accounts of 246 members, involving an amount of Rs 6.69 crore, where gold No clear information was given regarding the loan.
It said that the accused had fraudulently created gold loan accounts in the names of several people and caused a loss of Rs 7.07 crore to the bank.
The agency searched the offices and residential premises of Murthy and others at three places in Andhra Pradesh, in which incriminating documents were recovered.
