A field officer-cum-deputy manager of State Bank of India (SBI) branch was arrested by CID sleuths for allegedly sanctioning 25 fraudulent Asset-Backed Agri Loans worth ₹6.87 crore in East Godavari district. The accused, K. Venkata Rao Dora of the Prakkilanka branch, was booked by the CID’s Economic Offences Wing under Sections 420, 409 read with 120-B of the IPC and provisions of the Prevention of Corruption Act, 1988. Police said Dora, in collusion with Kavali Venkata Narasimham, fraudulently sanctioned the loans between June 15 and September 4, 2019. He was produced before an ACB court in Rajamahendravaram, which remanded him to judicial custody for two weeks.
Nellore veterinary doctor loses ₹32.6 lakh in stock market cyber fraud
In a shocking case of cyber fraud, a government veterinary doctor from Nellore lost ₹32.60 lakh after being lured into a fake stock market investment scheme operated through a WhatsApp group.
The victim, identified as Pagadala Jayaprakash of Saraswathi Nagar, had reportedly been added in February to a WhatsApp group named “India Wealth Horizon 64” by unknown individuals.
According to the complaint made by the veterinarian, members of the group, including a person named Dr. Rajeev Singh, convinced him that investments through a platform called “Alpha Alliance ARBITRAGE FII,” compliant with SEBI regulations, would yield high returns.
Trusting the claims, Jayaprakash opened an account on a mobile application named “MARK” and began transferring money in multiple instalments between March 16 and April 15. The funds had been routed through various bank accounts, including IndusInd Bank, SBI, and HDFC, as well as digital payment platforms.
The fraud got exposed on April 13, when the veterinarian attempted to withdraw his earnings. The scammers demanded an additional ₹5 lakh as “personal tax” to process the withdrawal. Even after paying the amount, the victim did not receive any funds, leading to realisation that he has been duped.
Jayaprakash lodged a complaint on April 21 through the National Cybercrime Helpline 1930. He later approached the Dargamitta Police Station. Police registered a case and launched an investigation.
The case highlights the growing menace of cyber frauds exploiting the lure of quick profits through fake investment platforms. Authorities have once again asked people to remain cautious, avoid trusting unsolicited investment offers on social media, and verify the authenticity of financial schemes before investing.
Chittoor cops recover 501 lost mobiles, hand them back to owners
Chittoor district police recovered 501 lost and stolen mobile phones worth about ₹1.20 crore and returned them to victims as part of the 14th phase of the recovery drive.
The devices were traced using the Central Equipment Identity Register system and handed over at a “Mobile Recovery Mela” held at the police guest house on Wednesday. With this, a total of 4,607 phones worth ₹9.55 crore have been recovered across 14 phases.
Superintendent of Police Tushar Dudi said mobile phones are essential in daily life and losing them causes hardship. He noted that CEIR enables users to report lost or stolen devices without visiting a police station or filing an FIR.
He added that recovered phones are also couriered to victims unable to attend and urged the public to report losses promptly with IMEI details.
3 killed, one injured in car crash
Three persons were killed and one critically injured when a car rammed into a roadside signboard near Veeravalli Toll Plaza in Nallajerla mandal of East Godavari district in the early hours of Wednesday. Police said the four were returning to Gajjramin in Tallapudi after visiting a hospital in Tamil Nadu when the accident occurred. The deceased were identified as Chaparla Raju, Chaparla Hanumantha Rao and Duddukur Sagar. The injured person was shifted to a hospital for treatment. Police have registered a case and are investigating the incident.
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