Notorious fraudster nabbed for cheating banks

Hyderabad, April 23 (INN): Task Forces sleuths on Saturday nabbed a notorious fraudster who indulged in securing Bank loans by submitting false documents and also cheating the bank by withdrawing huge amounts by presenting tampered Demand Drafts/Cheques.

According to the police, Diddi Vinod Kumar (34) a resident of Mansurabagh in Ranga Reddy District defrauded banks by securing loans on false documents and also withdrew money using tampered DDs and cheques. He was arrested on a tip-off.

The police said thtat Vinod Kumar had studied up to Intermediate. He had migrated to Hyderabad in search of a job and had joined his brother Kishore's business of supplying Nandi Pipe's. In the year 2,000, the accused returned to his native Mahabubnagar district and started Rice Mill business.

Due to losses in the business, Vinod Kumar had to shut shop and he came back to Hyderabad and stayed with his cousin, Jaliga Sridhar who is a fraudster.

During the course of his stay with his cousin, he learnt that Sridhar, along with his associates were into the business of cheating the innocent property holders.

They used to approach the owners of property with false promises to purchase the flat/house and after collecting the copies of such sale deeds, sale agreement, link documents etc, from the owners, they forged the documents and presented these in the banks and availed huge loans.

Vinod Kumar too got interested and joined hands with his cousin Sridhar to overcome his financial losses. Vinod Kumar along with Sridhar and others started indulging in cheating the innocent landlords/property holders by forging their documents and presenting the same in Banks and drawing huge loans.

While doing so, in 2009, Vinod Kumar, Sridhar, Srikant, Bejjam Anand Babu, Oruganti Srinivas withdrew an amount of R .9,00,017 by presenting tampered/fake Demand Draft of Bidar Urban Co-Operative Bank Ltd (By altering amount figure of Rs 1,000), drawn on AP Vardhaman Mahila Co-Operative Bank, Bala Nagar, of Ranga Reddy district.

Similarly, the gang withdrew an amount of Rs 8,00,070 by presenting tampered/fake Demand Draft of Bijapur Mahalaxmi Urban Co-Operative Bank Ltd by altering amount figure of Rs 2,000, drawn on Kakatiya Co-Operative Bank, Chintal in Ranga Reddy district.

Further the accused along with his associates has withdrawn an amount of Rs 9,00,017 by presenting tampered/fake Demand Draft of Bidar Urban Co-Operative Bank Ltd by altering amount figure of Rs 1,000), drawn on Deccan Grameen Co-Operative Bank, Suraram, Ranga Reddy district.

Vinod Kumar were nabbed on a tip-off by the Task Force sleuth (Central Zone). The accused was handed over to SHO, Saifabad police station for further action.