NOB-Khammam news: Kalluru ACP Vasundhara Yadav announced that a case has been registered against four individuals for obtaining bank loans by pledging fake gold jewelry at the Telangana Grameena Bank, located within the limits of the Enkoor Police Station in the Kalluru division. She stated that three of the accused have been arrested and remanded to judicial custody. The ACP informed that the case was registered at the Enkoor Police Station, and an investigation was initiated following a complaint filed by K.V. Prashanth Reddy, the Branch Manager of the Enkoor Grameena Bank. During the course of the investigation, it was revealed that in 2024, the bank’s Gold Appraiser, Sripadi Satish (A1), conspired with Sripadi Mounika (A2 currently absconding), Ramachandroju Jayamma (A3), and Ramachandroju Naresh (A4). Acting in collusion, they pledged fake gold jewelry weighing approximately 242.25 grams misrepresenting it as genuine and obtained gold loans valued at Rs.9,53,000 (Nine Lakh Fifty-Three Thousand Rupees). The ACP further explained that since the borrowers failed to repay the loans, the respective accounts recently turned into Non-Performing Assets (NPAs), prompting bank officials to initiate the auction process. It was during this process that the jewelry pledged as collateral was discovered to be fake. Consequently, the accused Sripadi Satish, Ramachandroju Jayamma, and Ramachandroju Naresh were arrested and produced before the court. The ACP noted that the second accused, Sripadi Mounika (A2), remains absconding. The ACP stated that strict action under the law is inevitable against anyone who engages in such fraudulent activities.