Rajamahendravaram police has arrested a bank loan fraud case accused, who escaped police custody in 2025, in Hyderabad, CID Region Officer A. Farheen stated in a release. A local court on Friday sent the accused, Kavala Venkata Narasimham, to Rajamahendravaram Central Prison on judicial remand.

The accused has been arrested in connection with the case registered in Kovvuru Town police station. The case pertains to the loan fraud to the tune of ₹6.7 crore in the three branches of the State Bank of India in Kovvur mandal in East Godavari district.

Between 2018-20, Mr. Venkata Narasimham with the support of SBI employees various branches in Kovvur mandal, including SBI Kovvur Main Branch, Prakkilanka and Kovvur Bazaar branch, obtained various loans including MUDRA loans by producing fake documents of several people in the ₹6.7 crore loan fraud, stated Ms. Farheen. All these loans have been sanctioned under the Agri-Asset Backed Loan and MUDRA loan.

In the same case, Venkata Narasimham had escaped from the CID-Andhra Pradesh police while he was being brought back to Rajamahendravaram from New Delhi in September 2025 and a case was registered in Vasant Kunj South police station.

Published - August 14, 2026 08:20 pm IST