Five held for cheating banks

Central Crime Branch (CCB) sleuths unearthed a Rs 20-crore cheating case, causing heavy losses to leading banks, by arresting five persons.


Anup Justin (37) of Anandnagar, L Sridhar (42) of Yelahanka New Town, Srinath (33) of Nagarbhavi, Prakash (51) of Basaveshwarnagar and Sudhakar (44) of Kurubarahalli are the arrested.

The suspects prepared fake documents pertaining to a site, availed loan, produced a Kannada film, Aakasha Gange and absconded after they realised they ran into rough weather, the police said.

They prepared fake documents during 2006-07 showing Yashodhamma sold a BDA site at BSK third stage measuring 63X40 to them. They also got it registered in their names at Basavanagudi sub-registrar office.

They produced the registered documents with SBI in Girinagar, Federal Bank in Rajajinagar, UCO Bank in Malleswaram, Vijaya Bank in Pulikeshinagar and HDFC Bank in Cubbon Park and availed loans to the tune of Rs 20 crore.

Real story

In reality, Muralidhar had bought the site for Rs 10 lakh on August 26, 2002 from M R Prema and got it registered at Basavanagudi sub-registrar’s office.

Prema was the general power of attorney holder of Santosh Kumari who was the BDA allottee in the case.

Allotment letter, possession certificate, khata, sale deed, tax paid receipt and other documents are in Santosh Kumari’s name.

The complaint Muralidhar had pledged all documents with Ashoknagar Cooperative Bank on March 2, 2006 and availed Rs 30 lakh loan. He started regularly paying the installment for the loan availed.

In September this year, he again applied for a loan to construct a house in the site. The bank officials asked him to produce encumbrance certificate and tax paid receipts of the site. He obtained the records from the Basavanagudi sub-registrar’s office on September 27, 2010.

But, the records stated that Yashodhamma had sold the site to four different persons. On finding this, Muralidhar lodged a complaint with the Girinagar police. The case was handed over to the CCB.