Police seized promissory notes, blank cheques, ATM cards and bank pass books worth crores of rupees from the lender.
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Vijayawada: The Satyanarayanapuram on Saturday arrested Kommireddy Venkata Subbareddy, 47, of Gudivada, said to be a big fish in the call money business in the city. Police seized promissory notes, blank cheques, ATM cards and bank pass books worth crores of rupees from the lender. Most of the property belongs to railway employees who mortgaged them for instant money, police said
According to DCP, law and order, L.K.V. Ranga Rao, Subbareddy had been targeting junior level government employees, mostly from the railways in Vijayawada and Gudivada, for 20 years. Police recovered 1,469 promissory notes, 911 blank cheques, 59 bank passbooks, 83 ATM cards and six stamp papers from Subbareddy. Police said he lent money to government employees by taking their ATM cards and bank passbooks are surety and do not return them even the money was repaid with interest, Mr Ranga Rao added.
If any of his borrowers demanded return of the surety, he would file get third parties to petitions against them in courts to harass them, the officer said. He managed to prevent employees from accessing their pay slips and most of them were unaware of their salary, Mr Ranga Rao said.
AP intel chief denies links:
Andhra Pradesh intelligence chief, A.B. Venkateswara Rao on Saturday denied that he knew call money-cum-sexual exploitation scam accused M. Satyanandam, after local media published pictures of the two together. Satyanandam was suspended as engineer with the Southern Discom after his involvement in the scam was reported
Mr Rao in a press release stated, “I don’t know Satyanandam personally and I can’t recognise him. The said photo in circulation was taken at an NGO home when I participated in a farewell function as commissioner of police, Vijayawada, about six months ago. I do not have any acquaintance with Satyanandam or with the call money case.”
He said when he was laying down office as police commissioner, he was invited by one Vidyasagar and officials of the NGO to attend a farewell function at the NGO Home. “On July 8 evening, I went to the NGO Home, Gandhinagar, in uniform directly from my office,” he said. Around 100 NGO officials and the media gathered there. “Before the meeting commenced, we sat in an office room beside the meeting hall to have tea and many NGO leaders, whom I don’t know personally, took photographs with me. One such photo or a part of it is now doing the rounds as if it was a photo taken with Satyanandam in private,” Mr Rao said. Mr Rao also said that Satyanandam had met him in office on behalf of his union regarding an electrocution case and he vaguely remembers him.
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( Source : deccan chronicle )
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