The CBI has arrested V Chalapathi Rao, a proclaimed offender absconding for 20 years in a bank fraud case who was declared dead a few years ago by a court here.
A press release from the premier investigating agency on Monday said V Chalapathi Rao avoided arrest by frequently changing his identity and locations. In May 2002, the CBI had registered a case against the accused, working then as a computer operator at SBI Chandulal Biradari Branch, Hyderabad following allegations that he cheated the bank to the tune of Rs. 50 lakh on the basis of fabricated quotations of electronic shops and fake salary certificates created in the names of his family members and close associates.
The CBI filed two chargesheets on December 31, 2004. The accused has been missing since 2004. His wife, who is also an accused in the fraud case lodged a complaint with the city police. She had also moved the Civil Court to declare the absconding accused as dead, seven years after he allegedly went missing.