ED Restores ₹56.13 Crore in Assets to IDBI Bank in Andhra KCC Loan Fraud

Overview

• The Enforcement Directorate completed the restitution of properties valued at ₹56.13 crore to IDBI Bank after Special PMLA Court orders dated September 15 and 18, 2025.
• The restored portfolio comprises 155 immovable assets, including land parcels and apartments located across Andhra Pradesh and Telangana.
• The money-laundering probe arose from CBI FIRs alleging fraudulent Kisan Credit Card loans for fish-pond construction processed at IDBI's Bhimavaram and Palangi branches.
• Investigators say aggregators Rebba Satyanarayana and Kumar Pappu Singh arranged ₹181.87 crore in loans in 2010–12 using forged documents and 230 fictitious borrowers, diverting funds into properties and investments.
• The ED estimates proceeds of crime at ₹234.23 crore, has provisionally attached ₹84.93 crore in assets, and has filed prosecution complaints that the Special PMLA Court in Visakhapatnam has taken cognisance of.