SOT BALANAGAR ZONE ALONG WITH KPHB & KUKATPALLY POLICE BUSTED THE ORGANIZED RACKET WHO INVOLVED IN LOAN FRAUDS

 SOT BALANAGAR ZONE ALONG WITH KPHB & KUKATPALLY POLICE BUSTED THE ORGANIZED RACKET WHO INVOLVED IN LOAN FRAUDS 

*P R E S S   N O T E*

*SOT BALANAGAR ZONE ALONG WITH KPHB & KUKATPALLY POLICE BUSTED THE ORGANIZED RACKET WHO INVOLVED IN LOAN FRAUDS BY CREATING FAKE RUBBER STAMPS/DOCUMENTS OF GHMC, HMDA, REVENUE DEPARTMENT AND LABOUR DEPARTMENT ETC., BOOKED TWO CASES, ARRESTED 18 PERSONS. SEIZED 687 FAKE RUBBER STAMPS OF GOVERNMENT DEPARTMETNS AND 1,180 FAKE CERTIFICATES*

*SEIZURE IN BOTH CASES:*

1. Fake Rubber Stamps-687

2. Fake Certificates/Documents-1,180

3. Laptops-10

4. CPU-08

5. Monitors-08

6. Printers-02

7. Stamps Making Machine-01

8. Stamps Flasher-01

9. Mobile Phones-57

10. Two wheeler-01

All worth of Rs. 10 crore and above.

 *2 CASES REGISTERED:*

1. Cr.No: 833/2023 U/s 420,467,468,471, r/w34 IPC of KPHB PS, Cyberabad.

2. Cr.No: 803/2023 U/s 420,467,468,471, r/w34 IPC  of Kukatpally PS, Cyberabad

*Case- I*

Acting on specific information the sleuths of Special Operations Team (SOT), Balanagar Zone along with KPHB PS apprehended 06 persons for involvement in Loan frauds, Seized 660 fake rubber stamps and 645 fake certificates/documents from the accused persons. The rubber stamps and fake certificates/documents belong to GHMC, HMDA, Revenue department etc.

*DETAILS OF ACCUSED: -*

1) Ghanta Ranga Rao, S/o. Late Ramaiah, Age 63 yrs, Occ: Stamp Business, R/o. Suraram, Medchal Dist. (Creating and using fake rubber stamps and certificates/documents).

2) Shivannagari ManikPrabhu, @ Manaiah, S/o. Late Veerappa, Age 62 yrs Occ: Stamp Business, R/o KPHB Colony. (Rubber stamp maker).

3) Panchikarla Naga Malleshwara Rao, S/o. Late Bhasker Rao, Age: 37 yrs, Occ: Agent, R/o. Prashanth Nagar, Kukatpally.  (Agent).

4) Kothapally Sudhakar Rao, S/o. Late Venkaiah, Age: 54 yrs, Occ: Financial Consultancy, R/o. Allwyn Colony, Kukatpally.  (Loan Consultant).

5) Kagitha SethaRamaRaju @Pandu, S/o. Babu Rao, Age: 37 yrs, Occ: Xerox shop, R/o. Suraram, Medchal. (Printing fraudulent certificates/documents).

6) Kondeti Chandrashekar rao, S/o. Venkateswarao, Age: 38 yrs, Occ: Architecture, R/o. Chinthal, Jeedimetla.(Tampering Lay out plans).

 Previous Criminal Record of A1 Ghanta Ranga Rao:

1) Cr.No: 06/2012 U/s420,471 IPC of Meerpet Ps.

2) Cr.No: 523/2005 U/s 420,471 IPC of PS Jeedimetla.

*ACCUSED PROFILE & MO (CASE-1):*

In housing loan process, the customer loan file with deviations and irregularities will be rejected as per the norms. The said customer will approach loan consultants and agents for housing loans. 

G. Ranga Rao is an accused person involved in two criminal cases of using the fake rubber stamps and documents at Jeedimetla PS (2005) and Meerpet PS (2012). In this case G.Ranga Rao is rectifying the deviations and irregularities in a fraudulent manner by using fake rubber stamps and documents of various Government departments etc. Manik Prabhu is making fake rubber stamps as per the Ranga rao requirements. Sudhakar is loan consultant, Naga Malleshwar Rao is loan agent, Seeta Rama Raju is creating fake proceedings of documents, Chandra Shekhar is tampering the layout/building plans etc. In this case all the accused persons combined together and started making money in a easy manner. 

The customer approaches Sudhakar (loan consultant) and Naga Malleswar rao (agent) for loan process, these agents will identify the irregularities and approach the accused person i.e Ranga rao for creating fake rubber stamps and documents as per the irregularities. Later Ranga rao will approach Manik Prabhu for making fake rubber stamps for Rs 1,000/- each,  Ranga rao will approach Seetha rama raju for providing Fake government proceedings copies as per irregularities and Chandra shekar is providing fake Layout plans for Rs.2,000/- each. Ranga rao will charge around 5,000 to 10,000 for each document. 

After completion of the fake/fabricated loan file, the customer will submit the loan file with banker for further process. In this process the loan consultants/agents will follow up the loan process in co ordination with bankers, legal panel advocates and valuators etc., for final approval of loan amount to the customer on commission basis around 3% to 4 % basing on loan amount. In this case the customers who received fake documents in fraudulent manner have obtained loan amount more than 10 lakh rupees as per the requirement. In this case the role of other agents, Bankers, Advocate panels and Valuators need to be verified.

*DETAILS OF SEIZURES:*

1) Fake Stamps:          660

2) Fake Certificates:                  645

3) CPU:                          02

4) Monitor:          02

5) Printer:          01

6) Mobiles:         08

7) Stamp Making Machine:    01

8) Stamps Flasher Machine: 01

9) Laptop: 01

10) Ink colours: 11 bottles

11) TVS Jupiter No:                 TS 08 GB 6141

12) Empty Stamps         346

*Case- II*

Acting on a specific information the sleuths of Special Operations Team (SOT), Balanagar Zone along with Kukatpally PS conducted raids and apprehended 12 persons for involvement in business Loan frauds. Seized 27 fake rubber stamps and 535 fake certificates/documents from the accused persons. The rubber stamps and fake certificates/documents belong to Labor department etc.

*DETAILS OF THE ACCUSED*

1) Vaka Nagi Reddy, S/o. Appa Reddy, Age: 24 yrs, Occ: Director of ABL Loans Pvt. Ltd., R/o. Kukatpally. (Owner of ABL Loans).

2) Karimi Shanmukha Rao, S/o. Raju, Age: 37 yrs, Occ: Director of Nidhi Associates, R/o. Jagadgirigutta. (Owner of Nidhi Associates).

3) Kolli Rama Raju, S/o. Venkat Rao, Age: 36 yrs, Occ: Director of RR Associates, R/o. Jagadgirigutta. (Owner of RR associates).

4) Donthula Manikanata, S/o. Late Prasad, Age: 33 yrs, Occ: Owner of DMK Assocaites, R/o. Kukatpally. (Owner of DMK associates).

5) Revuri Dora Babu, S/o. Gopala Krishana, Age: 36 yrs, Occ: Free Lancer Business, R/o. Jagadgirigutta. (Agent).

6) Botsa Mahesh, S/o. Late Thavi Naidu, Age: 28 yrs, Occ: Free Lancer Marketing, R/o. Zinnaram(m), Sanga Reddy. (Agent).

7) Laxman Rakesh Kumar, S/o. Late Suraj Kumar, Age: 29 yrs, Occ: Free Lancer Marketing, R/o. Mallampet (v), Medchal.(Agent).

8) Metnala Chanti, S/o. Late Ankaiah, Age: 31 yrs, Occ: Team Lead at ABL Loans Pvt. Ltd., R/o. Kukatpally. (ABL Employee).

9) Purimetla Naveen Kumar, S/o. Sommanna, Age: 28 yrs, Occ: Team Lead at ABL Loans Pvt. Ltd., R/o. Kukatpally. (ABL Employee).

10) Daspally Veera Babu, S/o. Daspally Chinna, Age: 23 yrs, Occ: Employee at DMK Associates,  R/o. Erragadda, Hyd. (DMK Employee).

11) Gollamudi Ram Tiwari, S/o. Chalapathi Rao, Age: 32 yrs, Occ: System Operator at DMK Associates, R/o. Kukatpally. (DMK Employee).

12) Kolli Shankar Rao, S/o. Krishana Rao, Age: 26 yrs, Occ: Exective at RR Associates, R/o. Jagadgirigutta. (RR Employee).

*ACCUSED PROFILE & MO (CASE- 2):*

In business loan process, the customer loan file with deviations and irregularities will be rejected as per the norms. The said customer will approach loan consultants and agents for business loans to overcome the irregularities.

Accused A1 to A4 are loan consultants and owners of agencies in Kukatpally area, A5 to A7 are loan agents, A8 to A12 are employees of loan consultants. 

The customer approaches loan consultant and agents for business loan process, these agents will identify the irregularities and approach the loan consultants for creating fake rubber stamps and documents as per the irregularities. For loan process these associates need to tie up with other licenses agencies, in this process these agencies will receive 2% to 3% as per loan amount and they charge around Rs. 10,000/- processing fees per customer. In association with agents they process the loan files of the customers. 

Due to frequent irregularities these associates along with agents hatched a plan to overcome it by creating and signing fake documents/certificates by using fake rubber stamps of labour department and other documents etc and executed their plan and earning money in wrong full manner.  In this case the role of other agents, Bankers, Advocate panels and Valuators need to be verified

*SEIZED PROPERTY*

1) Fake Certificates:      535

2) Fake Stamps: 27

3) Laptops: 09

4) Mobile Phones: 49

5) CPU:         06

6) Monitors:                 06

       The above arrests were made under the supervision of L&O DCP Balanagar Srinivas Rao, IPS., DCP SOT Rasheed, Addl DCP SOT Balanagar Zone Shoban Kumar. The good work done by SOT Balanagar Zone team along with KPHB and Kukatpally PS made enormous efforts in apprehending the accused persons and they deserve to be appreciated and rewarded suitably.

*Advisory:*

The CITIZENS are hereby requested to inform the Police pertaining to any information related to Fake Certificates/Documents through Dial 100 or Cyberabad Whatsapp number 9490617444. Their identity will be kept confidential.

 

*Commissioner of Police,*

*Cyberabad.*