Nation Crime 02 Aug 2017 Hyderabad: Bank staf ...

Hyderabad: Bank staffer, friend held for fraud

DECCAN CHRONICLE.
Published Aug 2, 2017, 1:51 am IST
Updated Aug 2, 2017, 1:51 am IST
The arrested persons are Durgaprasad, an employee of ING Vysya Bank and Dharani Saikiran, an agent at the commercial tax office and banks.
Representational image
 Representational image

Hyderabad: Cyberabad police on Tuesday arrested an employee of ING Vysya Bank and his associate in connection with a fraud, in which they diverted Rs 31.6 crore abroad. The arrested persons are Durgaprasad, an employee of ING Vysya Bank and Dharani Saikiran, an agent at the commercial tax office and banks.

Chandanagar inspector N. Tirupathi Rao said the suspects created fake rental agreements by forging the signatures of original owners and obtained VAT and Transient Occupancy Tax (TOT) certificates, and using these certificates, they opened three current accounts at the HDFC Bank’s Chandanagar branch in the names of three fake firms and facilitated Mahendar Khatri to transfer funds abroad. While the two suspects were arrested by police the main accused was arrested by the Enforcement Directorate.

 

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Location: India, Telangana, Hyderabad




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