After two decades, the Central Bureau of Investigation (CBI) has arrested V. Chalapathi Rao, a proclaimed offender (PO) absconding in a bank fraud case by frequently changing his identity and locations to avoid being caught. The CBI had registered a case on May 1, 2002 against the said accused, a then Computer Operator, SBI Chandulal Biradari Branch, Hyderabad following allegations that accused cheated SBI to the tune of Rs.
50 lakh on the basis of fabricated quotations of electronic shops and fake salary certificates created in the names of his family members and close associates and misappropriated the crime proceeds. On completion of investigation, the CBI filed two chargesheets on December 31, 2004. The accused has been missing since 2004.
His wife, who is also an accused in the fraud case, even lodged an FIR at Kamatipura police on July 10, 2004. She had also filed a petition in the civil court to declare the absconding accused as dead after completion of seven year after PO allegedly went missing. In this regard, an order/decree too was passed by the Civil Court concerned in Hyderabad.
As the said accused has been absconding, the case against him was split up and upon completion of proceedings under Sections 82 & 83 Cr.Pc, he was declared Proclaimed Offender (PO) on April 18, 2013 in the CBI case. During the investigation, the wife of accused obtained stay from High Court of Telangana on the efforts to attach the property of Proclaimed Offender (PO).
The PO resorted to .
