Overview

• Ramagundam Police Commissioner Amber Kishore Jha announced 44 arrests, including cashier N. Ravinder, manager Vennapureddy Manohar, and attender Lakkakula Sandeep.
• Investigators reported seizing 15.237 kg of gold ornaments and Rs.1.61 crore, with three accused still at large.
• A complaint filed by SBI regional manager Rithesh Kumar followed an August 21–23 audit that uncovered large-scale diversion of pledged gold and branch cash.
• Police say Ravinder arranged 142 loans in the names of 44 people through private lending firms after losses on online cricket betting in 2024.
• Officials also alleged 42 fake gold loans worth Rs.1.58 crore tied to the manager’s relatives, locker access and ATM refilling were exploited to siphon assets, and recovery efforts continue as customers protest for relief.