The South Zone team of Commissioner’s Task Force arrested one person for allegedly cheating private finance companies and bank using fake documents.
According to police, the accused, Puppala Venkataiah (29) used to prepare and provide fake Bank Transactions, Voter IDs and other documents required to procure loans from different banks to needy customers. Venkataiah had earlier worked with several financial firms and was well versed with knowhow of loans’ sanctioning process.
On credible information, police conducted raid and took him into custody. Police also seized bank account fake transaction statements prepared by the accused on the various names of customers on the various Banks, three fake Voter ID cards and one Pen drive contains various bank statements format.
One more accused in the case, Radha Krishna, is absconding.
The arrested accused along with seized property was handed handed over to Saidabad Police Station for taking further action against him. (INN)