Five SBI officials among seven jailed for bank fraud case in East Godavari district

Visakhapatnam: The First Additional Special Judge for CBI cases, P. Vijaya Durga, on Friday convicted five officials of the State Bank of India (SBI) and two private persons in connection with a major bank fraud case.The convicted include Kalluri Satyanarayana (A1), the then relationship manager - medium enterprises (RMME), SBI, Sales Hub, Regional Business Office, Kakinada, East Godavari district, Chaganti Chalapathi (A2), the then branch manager, Nidadavolu Venkata Ramana Rao (A3), the then branch manager, Manapragada Ramana (A4), the then assistant manager (Advances), SBI , Anaparthy Branch, East Godavari district, Mallidi Venkata Narayana Reddy (A5), managing director of VNR Refineries Private Ltd, Vemulapalli - Dwarapudi, Mandapeta Mandal, East Godavari district, a private person M Venkata Narayana Reddy (A6) and P Subba Rao (A7), the then Assistant Manager (Agriculture Advances), SBI, Anaparthy Branch.As per the conviction, A1 to A4 were sentenced to three years simple imprisonment and A5 was sentenced to undergo two years simple imprisonment and A1 to A7 were fined Rs1,15,000. The CBI officials said during the period 2008-2011, A1 to A7 conspired to cheat SBI –Anaparthy Branch by fraudulently securing credit facilities for A6 ( VNR Refineries). A5, representing A6, colluded with bank officials (A1 to A4 and A7) and obtained loans by concealing prior mortgages and submitting tampered documents as security.The bank officials abused their positions by violating rules, ignoring due procedures, and falsely certifying documents to facilitate the loans. As a result, they caused wrongful loss to the bank and wrongful gain to themselves, with an outstanding amount of Rs9.19 crore. After completion of trial, the court convicted the A1 to A4 and A7 for the offences under Sections 120-B and 420 IPC and Section 13(2) r/w and 13 (1) (d) of the PC Act-1988 and A5 and A6 for the offences under Sections 120-B, 420, 468 and 471 of IPC. Get real-time updates and result insights on the CBSE 12 Result 2026.