Hyderabad: CCS police apprehended a 39-year-old businessman for submitting fake sales deed at the Andhra Bank Tarnaka Branch to get a loan of Rs 95 lakh.
The accused, identified as Keshapaga Bhaskar, resident of RamNagar, along with his associate created a fake sales deed and submitted the same at the Andhra Bank in Tarnaka and obtained a loan of Rs 95 lakh, causing loss to the bank, the police said.
The arrest was made based on the complaint from P. Srinivas, the chief manager of Andhra Bank, after which case was registered against S. Arun Kumar, Mirza Yaseen Baig, Keshapaga Bhaskar.
“Arun Kumar Bhaskar and Mirza Yaseen Baig, colluded with a mollified intention to defraud the bank. Mirza Yaseen executed a sale deed in favor of S. Arun kumar, represented by his attorney holder Keshapaga Bhaskar and they submitted the fabricated and altered deed at the Andhra Bank and obtained a loan to the tune of Rs 95 lakh,” said the officials of CCS. The main accused was arrested and send to remand.
