Basva Raju hails from Vepagunta in Visakhapatnam. He was working as an Assistant Cashier in the Simhachalam branch of State Bank of India (SBI). He borrowed a loan of nearly Rs 10 Lakh on behalf of his wife Rajyalakshmi, MSN Raju, Sanyasi Raju and Sambamurthy Venkat Rao by depositing fake gold ornaments in 2013.
When the Manager G Subrahmaniam came to know about this gold fraud, he lodged a complaint in Gopalapatnam Police Station again BasvaRaju. As a result of it, police arrested Basva Raju. Magistrate Sultan Begum sentenced Basavaraju to three years in prison and imposed a fine of 20,000 for duping the bank.
Raj Tarun is popular for his successful movie Uyyala Jampala, Cinema Choopista Maava, Kumar 21 F, Kittu Unnadu Jagratha and Andhhagadu.