The Hindu : Andhra Pradesh News : Three held on charge of cheating

Online edition of India's National Newspaper
Sunday, May 09, 2004

Andhra Pradesh

Andhra Pradesh

Three held on charge of cheating

By Our Staff Reporter

HYDERABAD, MAY 8. Sleuths of the Central Crime Station (CCS) arrested three persons including a woman, for obtaining loans from various banks to the tune of several lakhs of rupees, by furnishing fake and fabricated documents of two houses.

The arrested persons are— K. Satyanarayana of Mailargadda, Secunderabad, K. Ravi and his wife K. Sujatha of Borabanda, Sanjeevareddy Nagar.

The police are on the lookout for two more persons - K. Ramakrishna of Sanjeevareddy Nagar and C. Krishna Reddy of Anandnagar - who gave sureties with bogus addresses to facilitate the arrested persons obtain the loans.

The police arrested the trio based on a complaint lodged by Mohammed Hussain, manager of Jammu and Kashmir Bank, Pathargatti branch, on October 10,2003.

In his complaint, Mr. Hussain stated that he learnt about the arrests of K. Satyanarayana and K. Ravi through newspapers. Further, upon verification, Mr. Hussain found that both the accused had taken a loan of Rs. 10 lakhs from the bank for development of "SV Stone World" firm by producing fake guarantors.

The accused had taken loans from the Jammu and Kashmir Bank, IDBI Bank, Weizman Housing Finance, Khairtabad and Punjab National bank, Somajiguda.

Any information regarding the accused - K. Ramakrishna and C. Krishna Reddy - may be passed on to the police on the telephone numbers - 27852621 or 9848778228. The identity of the informer will be kept a secret, according to a press release.

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