HYDERABAD: The white-collar offences team of the CCS police, Hyderabad, started a probe into the cheating case allegedly masterminded by a chartered accountant who swindled Rs 81 lakh by creating bogus company addresses and tricking the firm he worked for.
The case was lodged by a bank after it noticed discrepancies in transactions. The owner of the company, Energy Exchange (India) Private Limited, visited the CCS police on Thursday.
The accused, Vidyam Pattabiraman Anand, who previously worked for the firm as a chartered accountant, allegedly cheated it to the tune of `81 lakh by selling a piece of land. He reportedly opened a bank account after creating a fake address with the help of the former director of the firm Shaik Nizam, the FIR said.
A case was lodged with the CCS, Hyderabad, on March 2021, following a complaint from the assistant vice president of Axis Bank, Habsiguda branch, wherein he alleged that on January 8, 2021, the bank received a complaint from Sadiq Hussain Mohammed, the existing director of Energy Exchange (India) Pvt Ltd, informing about the fraudulent opening and operation of an account in their bank by Shaik Nizam, who resigned from the company in March, 2020. “With reference to such a complaint, during the preliminary enquiries, the bank found that Shaik Nizam had opened the account in the month of August, 2020, through a board resolution and also submitted the KYC documents of the company.
Meanwhile, Anand, who is maintaining a savings account in the bank, introduced the directors of the company and submitted the paperwork. Shaik Nizam then appeared as the current director of the company in the MCA site during onboarding of the account and the operation in the account was also conducted by him by withdrawing Rs 81 lakh from the bank within one day of deposit of the said amount,” said the police.
It was further stated that Anand was also involved in CBI and ED (enforcement directorate) cases and was earlier named as an accused in criminal cases lodged at Ghatkesar and Banjara Hills police stations.
