HYDERABAD: Ending an eight-month-long extradition process, Chairman of Krushi Bank Kosaraju Venkateswara Rao was brought back to the State by a special team of the CID on Tuesday night.
Venkateswara Rao, who fled to Thailand days before the collapse of Krushi Bank, was arrested by the Interpol in Bangkok following a red corner notice issued by the Interpol. The State CID which pursued the extradition process at last succeeded in getting custody of Venkateswara Rao and flew him down to Hyderabad.
The CID team had formally executed a non-bailable warrant pending against the bank Chairman after completing the immigration check at the Hyderabad airport.
After this process, he was taken to the magistrate's residence on road number 10 in Banjara Hills, where the process of taking him into police remand was on.
There was heavy jostling at the airport with scores of news photographers and videographers waiting for the arrival of the most elusive man.