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Home » Andhra Pradesh » CBI raids Hyderabad firm for creating fake death certificate and defrauding SBI

CBI raids Hyderabad firm for creating fake death certificate and defrauding SBI

The accused forged not only land documents but also made the fake death certificate of Vijay's father.

By Newsd
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CBI raids Hyderabad firm for creating fake death certificate and defrauding SBI

Hyderabad: Central Bureau of Investigation conducted intensive searches on Renlife Labs, a biopharma company on charges of defrauding State Bank of India to the tune of Rs 16 crore, the probe agency told. The CBI had an FIR belonging to this case on December 31.

A CBI official quoted from an FIR and read the accused list- Mohammed Abdul Azeez, Arul Prakash Ramakrishnan, the directors of Renlife Labs and SBI Mahabubgunj branch’s chief manager J Nageswara Sarma, relationship manager Pawan Kumar and manager Shashi Kumar

The loan fraud came to be known when one Vijay Raghavendra, a Bangalore resident, complained to the SBI top officials alleging that the accused impersonated him and took loans against his family owned land.


The accused forged not only land documents but also made the fake death certificate of Vijay’s father. Based on the fake land documents, the accused obtained loans from SBI’s Mahabubgunj branch.

Initial probe revealed that photos didn’t belong to Vijay Raghavendra when matching of documentation was being done. SBI officials were accused of negligence in verifying the KYC and loan documents. The SBI later in pressure had to suspend two of their accused officers Nageswara Sarma and Shashi.

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