Hyderabad:A CBI court here on Wednesday sentenced former Member of Parliament from Andhra Pradesh, Kothapalli Geetha, her husband P. Ramakoteshwara Rao and two bank officials to five years imprisonment in a bank fraud case.
Geetha, a former member of Lok Sabha from Araku, and others were arrested and shifted to Chanchalguda Central Jail. Sentencing them for cheating the Punjab National Bank to the tune of Rs 42.9 crore, the court also imposed a fine of Rs 1 lakh each on Geetha and her husband.
The former MP was charged with cheating the bank by submitting false documents to obtain loan for Visweswara Infrastructure Pvt Ltd (VIPL). Ramakoteshwara Rao is the Managing Director of the company. The company also diverted the loan for purposes other than it was sanctioned for.