CBI books YSR Cong MP Geeta in PNB fraud case

The CBI has chargesheeted YSR Congress MP from Andhra Pradesh Geetha Kothapalli in connection with a case relating to criminal conspiracy for cheating the Punjab National Bank to the tune of over `42 crore. Geetha, allegedly in collusion with MD of Hyderabad-based Visweswara Infra Pvt ltd cheated the bank by misrepresenting facts. 

In its chargesheet, the agency has alleged that the YSR Congress Party MP in collusion with P Ramakoteswara Rao, then Managing Director of Hyderabad-based Visweswara Infrastructure Pvt ltd, misrepresented facts to Punjab National Bank and got a short term loan of `25 crore sanctioned and disbursed.

“The accused persons diverted the loan amount for purposes other than it was sanctioned for and allegedly cheated the Punjab National Bank, resulting in a loss of `42.79 crore to the bank,” the CBI said in a statement. The alleged criminal conspiracy was hatched in collusion with bank officers KK Aravindakshan, the then General Manager, Head Office, Punjab National Bank and BK Jayaprakasam, then Assistant General Manager and then Branch Manager who have also been named in the chargesheet filed before special CBI court in Hyderabad.

The CBI has filed a charge sheet in the court of Principal Special Judge for CBI cases, Hyderabad for offences relating to criminal conspiracy, cheating), forgery and relevant provisions of the Prevention of Corruption Act. A private person named S Rajkumar, who allegedly helped in forging documents and Visweswara Infrastructure Pvt ltd have also been named in the charge sheet.CBI alleged that the accused persons colluded with the private person in creating false documents over a litigated property.