The CBI Court, Hyderabad, Telangana has convicted and sentenced V. Chalapathi Rao, Computer Operator at SBI, Chandulal Baradari Branch, Hyderabad, Telangana to Two Years' Rigorous Imprisonment (RI) with a fine of Rs. 36,000/- in a bank fraud case.
The Central Bureau of Investigation (CBI) registered the instant case on 01.05.2002 against V.Chalapathi Rao and three others on allegations that during 1996-2000, the accused V.Chalapathi Rao entered into criminal conspiracy with P.P.Krishna Rao, the then Branch Manager, SBI, Chandulal Baradari Branch, Hyderabad and two private accused Viraja, W/o the accused Chalapathi Rao and Kaleem Pasha and obtained pecuniary gain in the matter of sanction and release of Big Buy Loans on the basis of false and fictitious documents to the tune of Rs. 50 lakhs.
On completion of the investigation, 3 charge sheets were filed on 31.12.2004.
Since the accused V. Chalapathi Rao was absconding since 2005, the cases against him were split up under separate CC Nos 08/2006 and 09/2006. The cases against the other accused persons were disposed earlier.
After meticulous efforts, the absconding accused V. Chalapathi Rao was traced at Tirunelveli, Tamilnadu and apprehended on 04-08-2024 while he was trying to flee out of the country under a different name.
Conducting a speedy trial, the Hon’ble Court convicted and sentenced the accused on 31-10-2025.
