Hyderabad, January 23 (INN): The East Zone team of Commissioner’s Task Force has busted a racket of dubious software firms and arrested three persons who were allegedly cheated at least 18 banks.
Addressing a press conference here on Sunday, City Police Commissioner AK Khan said that the accused – Macherla Venkata Suresh, Kathe Srinivasa Rao and Kathe Naveen Kumar floated fictitious software firms, created fictitious salary base, obtained pan cards, credit cards and with the same identities approached various banks and obtained loans to a tune of Rs 1.07 Crores.
According to police the accused floated Tekq Technologies, Adroit Software Development and Consultancy (P) Ltd., Elite Software Technologies and Info (P) Ltd., Marquis Software Solutions and Services India (P) Ltd and Jam Television(P) Ltd between February 2009 and December 2011.
They created fake employee base by obtaining various photographs, created appointment letters, opened salary accounts, deposited salaries. With the bank statements, salary ID proofs they also obtained PAN cards, credit cards in the name of employees. They utilized the credit cards for various purchases and also obtained personal loans, vehicle loans from as many as 18 Nationalized and other Banks to a tune of Rs.1.07 crores.
On a tip off, the Task Force team arrested the accused and seized one Volks Wagon Car, one Verna Car, gold ornaments of about 14-Tolas, three two wheelers, 150-Cheque books, 120-Fake and forged identity card, 29-Bank Account pass books of various banks, 170-Debit and credit cards, 75-PAN cards, 8-Voter ID Cards, 21 mobile phones and 82 SIM Cards, six computers with CPUs and two Laptops, one Sony LED 42 inches TV, valuable furniture and two spilt ACs and net cash of Rs.3.06 lakh.
The City Police has cautioned the bank to be very careful in dealing with such fictitious firms. When the salary accounts of any companies as mentioned are opened, utmost care should be taken to verify the photograph, residential address and other details. In view of rapid increase in floating of firms, the banks should be thorough in verification of all the details.
The arrested accused persons along with seized material have been handed over to the Banjara Hills Police Station for further action. (INN)