The Central Bureau of Investigation (CBI) arrested former Andhra Pradesh MP Kothapalli Geetha last night after she was convicted in a multi-crore bank fraud case along with her husband and two others.
She and her husband Ramakoteswara Rao allegedly cheated the Punjab National Bank (PNB) of Rs 42 crore, according to a charge sheet filed by the federal agency in 2015.
Vishveswara Infrastructure, whose managing director was Mr Rao, had taken a Rs 25 crore loan from PNB and the loan amount climbed to Rs 42 crore. On a complaint by the bank, the CBI had enquired Mr Rao and a charge sheet was filed in 2015. Ms Geetha was found to have diverted the funds from the company to another account.
After her arrest in Hyderabad, she was shifted to Bengaluru.
Ms Geetha was elected from the Araku parliamentary constituency, reserved for Scheduled Tribes (ST), in 2014 on a YSR Congress ticket. Subsequently, she was accused of fraud as she did not belong to the community. She joined the BJP in 2019.
Probe Agency Arrests Company Promoter In Rs 25,000 Crore Bank Loan Fraud "My Mistake Was...": Finfluencer Anupam Gupta Victim Of Loan Fraud Lok Sabha Elections 2024: 5 Facts About Kothapalli Geetha, BJP Candidate From Araku Parents On Mumbai Ferry Wanted To Toss Children In Sea. Rescuers Stopped Them On Camera, Car Flips 8 Times, But No One Hurt. They Then Ask For 'Tea' Devendra Fadnavis Keeps Home, Eknath Shinde Gets 3 Maharashtra Ministries How Bashar al-Assad's Inner Circle Fled Syria After His Fall Philippines Eases Medical Practice Rules: What It Means For Indian Students 15 Feared Trapped After Building Collapses In Punjab, Army Joins Rescue Op Track Latest News Live on NDTV.com and get news updates from India and around the world.