CBI Court Sentences Former Andhra Bank Clerk and Accomplice to 5 Years Imprisonment in Major Bank Fraud Case
VISAKHAPATNAM, March 17, 2026 — A Special CBI Court in Visakhapatnam has convicted and sentenced Vempadapu Santhoshi Ramu, a former Clerk-cum-Cashier at Andhra Bank, and a private individual, Mahanthi Ramana, to five years of rigorous imprisonment for their roles in a significant bank fraud case.
The court also imposed a substantial total fine of Rs. 1,71,42,000 on the convicts. The ruling follows an investigation into a criminal conspiracy where Ramu, while stationed at the Cheepurupalli branch in Vizianagaram District, misappropriated funds totaling Rs. 1,71,41,162.
These funds were meant to be deposited into the account of the Cheepurupalli Rural Electric Co-operative Society Ltd., an entity responsible for collecting power consumption charges from rural consumers.
The case dates back to June 13, 2018, when the Central Bureau of Investigation (CBI) first registered the matter against the accused for criminal breach of trust and misappropriation of public money.
Following a comprehensive investigation, the CBI filed a chargesheet on January 10, 2019, detailing how the former bank official, who was subsequently dismissed from service, collaborated with Ramana to divert the entrusted funds.
After a full trial, the Hon’ble Court found both individuals guilty of the charges, marking a major victory for the agency in its efforts to prosecute financial crimes and ensure the accountability of public servants.