Three years Jail for Raj Tarun’s father Basavaraju

rajtarunActor Raj Tarun’s father Basavaraju has been sentenced three years jail term for taking debt on fake gold.

The court today sentenced Basavaraju to a three-year jail term dealing with a fraudulent gold loan. Basavaraju (53) from Veyagoda in Vishakapatnam was working as Special Assistant Cashier in the Sihanchalam State Bank of India in 2013.

At that time, He took a loan of Rs 9.85 Lakhs on fake gold on the names of his wife Rajyalakshmi and people of his neighbouring areas MNN Raju, NS Sanyasiraju, K.Sambamurthy and N Venkat Rao. A few days later, bank officials audited teh gold.

The bank manager, Garikipati Subrahmanyam, complained in the police station at Gopalapatnam after the audit report. Subsequently, the CI filed a case against Narasimha Rao and submitted a report to the court. The second Additional Metropolitan Magistrate, Sultana Begum passed the judgment on Friday after the inquiry. The accused Basavaraju was sentenced to three years in jail and a fine of Rs. 20,000.