Hyderabad, February 04: A fraudster who cheated various banks by giving tampered demand drafts and cheques and secured loans by submitting false documents was nabbed on Thursday by Task Force sleuths.
The accused, 32-year-old J Sridhar is a resident of Hyderguda and native of Medak district. According to police, Sridhar’s father is a retired traffic inspector in APSRTC.
Sridhar discontinued his degree in second year and came to the city in search of a job.
In the city, he came in contact with two persons, Srinivas of Boduppal and Karunakar of Moosapet and the trio planned to cheat banks by presenting false documents like sale deeds to earn easy money. As per their plan, they created a false sale deed and secured a loan of `21 lakh from the Union Bank of India, AS Rao Nagar branch in November 2006. A case was registered by Kushaiguda police on complaint by bank’s branch manager. In 2007, Sridhar and his associates took a housing loan of `20 lakh from Karnataka Bank, Punjagutta by submitting false documents.
However, Sridhar was arrested in 2008 in a trespassing case by Jubilee Hills police.
After his arrest, he changed his plan and decided to cheat banks by tampering DDs and cheques along with his associates Srikanth, Vinod, B Anand Babu and O Srinivas.
“The accused altered a DD of `1,000 to `9,00,017 of Bidar Urban Cooperative Bank drawn on AP Vardhaman Bahila Cooperative Bank, Balangar and withdrew the amount,’’ Task Force deputy commissioner of police VB Kamalasan Reddy said. The accused was also involved in two other similar cases.
Two of the accused, Anand Babu and Srinivas were arrested by police and since then Sridhar was absconding.
wSridhar was handed over to Saifabad police for further action.
Fraudster cheating banks in police net
Express News Service
First Published : 04 Feb 2011 06:52:17 AM IST
Last Updated : 04 Feb 2011 08:32:12 AM IST
HYDERABAD: A fraudster who cheated various banks by giving tampered demand drafts and cheques and secured loans by submitting false documents was nabbed on Thursday by Task Force sleuths.
The accused, 32-year-old J Sridhar is a resident of Hyderguda and native of Medak district. According to police, Sridhar’s father is a retired traffic inspector in APSRTC.
Sridhar discontinued his degree in second year and came to the city in search of a job.
In the city, he came in contact with two persons, Srinivas of Boduppal and Karunakar of Moosapet and the trio planned to cheat banks by presenting false documents like sale deeds to earn easy money. As per their plan, they created a false sale deed and secured a loan of `21 lakh from the Union Bank of India, AS Rao Nagar branch in November 2006. A case was registered by Kushaiguda police on complaint by bank’s branch manager. In 2007, Sridhar and his associates took a housing loan of `20 lakh from Karnataka Bank, Punjagutta by submitting false documents.
However, Sridhar was arrested in 2008 in a trespassing case by Jubilee Hills police.
After his arrest, he changed his plan and decided to cheat banks by tampering DDs and cheques along with his associates Srikanth, Vinod, B Anand Babu and O Srinivas.
“The accused altered a DD of `1,000 to `9,00,017 of Bidar Urban Cooperative Bank drawn on AP Vardhaman Bahila Cooperative Bank, Balangar and withdrew the amount,’’ Task Force deputy commissioner of police VB Kamalasan Reddy said. The accused was also involved in two other similar cases.
Two of the accused, Anand Babu and Srinivas were arrested by police and since then Sridhar was absconding.
Sridhar was handed over to Saifabad police for further action.
—Agencies