Overview

• Jubilee Hills Police arrested Pagadala Srinivasa Rao, 23, and Yasa Venkateshwarulu, 50, on September 21 as alleged fake beneficiaries in the case.
• Investigators say ₹8.71 lakh was siphoned by depositing 19 sanctioned CMRF cheques into similarly named accounts at an SBI branch using forged details.
• The two accused, both from Khammam district, confessed during interrogation and were produced in court and remanded to judicial custody.
• Police allege 230 sanctioned but undistributed cheques were taken from a former minister’s office after the 2023 polls, with an employee identified as the primary handler.
• The probe continues to trace absconding suspects and recover funds, with cases registered under IPC sections 409, 417, 419, 467, 120(B) and IT Act Section 66(C).