CBI Court Jails Ex-Andhra Bank Clerk, Associate for Five Years in Rs 1.71 Crore Deposit Fraud

Overview

• The special court in Visakhapatnam convicted Vempadapu Santhoshi Ramu and Mahanthi Ramana in an order pronounced Monday.
• Investigators said Ramu, then a clerk‑cum‑cashier at Andhra Bank’s Cheepurupalli branch, conspired with Ramana to misappropriate Rs 1,71,41,162 entrusted for deposit to the Cheepurupalli Rural Electric Co‑operative Society Ltd.
• Each convict received five years of imprisonment, and the court levied fines totaling Rs 1,71,42,000.
• The CBI registered the case on June 13, 2018 and filed a chargesheet after completing its probe.
• The co‑operative collects power charges from remote consumers in Vizianagaram district, highlighting the public‑service funds at stake.