Archive · 22 Aug 2026
CID Arrests Prime Accused in SBI Fake Farm Loan Scam
The CID arrested a man accused of helping obtain improper farm loans.
The case involves the State Bank of India branch in Ganapavaram.
Investigators say low-value land was shown as being worth much more.
They allege this helped people receive bigger loans.
The CID also says the accused worked with bank officials and land valuers.
The accused had reportedly been avoiding arrest in several related cases.
A court in Rajamahendravaram ordered him to remain in custody.
He was sent to Rajamahendravaram Central Jail while the case continues.
The CID arrested Thoomu Kesava Srinivas in the alleged SBI Ganapavaram agricultural loan scam.
Srinivas allegedly overstated low-value land prices to secure larger loans.
The CID accused him of colluding with bank officials and panel valuers.
He was allegedly absconding in connection with several cases involving the branch.
An ACB Court ordered judicial remand, and he was sent to Rajamahendravaram Central Jail.
- Who
- The CID arrested Thoomu Kesava Srinivas of Paidiparru village in Tanuku mandal.
- What
- He was arrested in an alleged fake agricultural loan scam involving the State Bank of India Ganapavaram branch.
- When
- The arrest was reported recently; on August 20, he was produced on a PT warrant in another case.
- Where
- The alleged irregularities occurred at the SBI Ganapavaram branch in West Godavari district, and the accused was produced before the ACB Court in Rajamahendravaram.
- Why
- The CID alleges that land values were inflated to obtain loans, causing financial losses to the bank.
- Accused
- Thoomu Kesava Srinivas
- Bank branch
- State Bank of India, Ganapavaram
- Investigator
- CID
- Court action
- The ACB Court ordered judicial remand.
- Custody
- Rajamahendravaram Central Jail
- First case
- CID Crime No. 18/2022
- Additional case
- CID Crime No. 34/2022