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Anticipatory Bail Denied to Man Accused in ₹28 Crore Bank Fraud Case as It May Adversely Affect Investigation: Andhra Pradesh High Court

09 Apr 2025 3 min read
Anticipatory Bail Denied to Man Accused in ₹28 Crore Bank Fraud Case as It May Adversely Affect Investigation: Andhra Pradesh High Court

The Andhra Pradesh High Court recently denied the plea for anticipatory bail filed by Chimakurthi Naga Venkata Sai Kiran, who is accused in a high-profile case of money transfer fraud. The fraud allegedly orchestrated by bank employees of ICICI Bank, involved the manipulation of customer accounts, resulting in a financial loss of approximately Rs 28.34 crores. Chimakurthi Naga Venkata Sai Kiran, who was named Accused No. 20 in the case,…

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