Inter State Cheating Racket Busted
TR. Madhavan | 29 Sep 2016
Interstate racket cheating Government of India Public sector undertaking Indian Oil Ltd. of Assam busted.
Fraudulent withdrawl of amount Rs. 4 Crores prevented due to alertness of SBI branch Manager. 4 members of white collar criminal gang arrested by Rachakonda Police
Cr No. 747/2016 U/s 420, 468, 471 IPC of PS Vanasthalipuram dated on 19.09.2016 at 20.00 hrs, Complainant Sri B. Ramgopal, Branch Manager, State Bank of Indian, Vaidehinagar, Vanasthalipuram.
Details of the accused:
A-1: Mishra R/o Lucknow (absconding)
A-2 Prashanth R/o Anandbag, Malkajgiri (absconding)
A-3 Goutham R/o KPHB (absconding)
A-4 Bodapate Venkat Nagaraju S/o Narsimha rao Age 39 yrs, Occ; Business R/o Gabbithavari veedi, near Hero Show room, Chilakalooripet, Guntoor dist.
A-5 Nallapureddy Jalireddy s/o Venka reddy, Age, 43 Years, R/o Plot No. 21, Padmavathi Nagar colony, Vanasthalipuram, Hyderabad N/o Binginapally village, Singarayakonda Mandal, Prakasham Dist
A-6. Murthy R/o Barkathpura Hyderbad (absconding)
A-7 Singireddy Rama Krishna S/o SVV Sathyanarayana age 31yrs, Occ: un-employee R/o plot No. 31, Sai Brundavan Colony, Damaiguda, Keesara Mandal.
A-8 Koppolu Chaithnya, S/o late Prabhakar Rao, age 27 yrs Occ; un-employeed, R/o Pokooru village, Valetivaripallem Mandal, Prakasham dist.
Brief facts of the case:
Brief facts of the case are that on 19.09.2016 at 20.00 hrs Inspector Vanasthalipuram P.S. received a complaint from Sri. B. Ramgopal, Branch Manager, State Bank of Indian, Vaidehinagar, Vanasthalipuram in which he stated that one Sri Nallapureddy Jalireddy s/o Venka reddy, Age, 43 Years, R/o Plot No. 21, Padmavathi Nagar colony, Vanasthalipuram, Hyderabad N/o Binginapally village, Singarayakonda Mandal, Prakasham District has opened a bank account in the name of Jeevan Jyothi Trust Chairman in SBI Vaidehinagar, Vanasthalipuram on 07.09.2016. On 17.09.2016 the accused presented four cheques worth Total amount Rs. 3.92 crores belonging to Oil India Limited, Assam pertains to Indian Oil Ltd in the branch for drawing amounts. On scrutinising cheques through AGM of Dhulian Drawee branch he has confirmed that the cheques are forged in the name of Chairman of Indian Oil ltd and learnt that the accused intentionally trying for monetary gain through fraudulent manner by cheating the Indian Oil ltd. in the name Jeevan Jyothi Trust. Basing on the above a case in Cr No. 747/2016 U/s 420, 468, 471 IPC of PS Vanasthalipuram has registered and Inspector Muralikrishna of Vanasthalipuram police station took up an investigation.
During the course of investigation the accused Nallapureddy Jali Reddy first taken into custody in which he confessed that he came to Hyderabad in the year 1996 and stayed in Dilsukhnagar and he worked as Assistant Accountant with one Chartered Accountant Sri N. Someshwar Sharma After that he started doing Accountants work. While he was working with CA, he came across the IT detections scheme frauds. On 04.11.2006 he started a NGO Organisation in the name and styled as Jeevana Jyothi Trust and got opened nearly (8) bank accounts 1] Oriental Bank of Commerce, Uppal vide A/c no.08722191017415 Opened in the year 2014. 2] Axis Bank, Balanagar, vide A/c no.698010100021474 Opened in the year 2009. 3] Two accounts at Panjab National Bank, Vanasthalipuram, vide Nos 9930002100000503 4] SBI Vaidehinagar, Vanasthalipuram, vide A/c no. 36072621268 Opened on 07.09.16. 5] Kotak Mahendra Bank, AS Rao Nagar, A/c No.05652170000682 opened in the year2013 6] IDBI, Kachiguda, a/c 0594104000175449 opened in the month march 2016. 7] ICICI Bank Santhoshnagar103505000522 (Freezed in the year 2010 Aug-16 .8) SBI Vaidehinagar Branch, Vanasthalipuram,
On interrogation the accused Nallapureddy Jali Reddy confessed that earlier also he has collected 1) Rs. 25 lakh from Royal Social Welfare Society, Vijaywada through RTGS on 29th June 2015 2) also collected amount Rs. 6 Lakhs through cheques and 4 lakhs in cash from Goel Orphan and educational society, AS Rao Nagar, Kushaiguda on 30.12.2014 3) received an amount of Rs. 20 lakhs from Oriental Bank of Commerce, Uppal Branch to his Account of Axis Bank, Balanagar Branch and the same amount was re-transferred to OBC Bank as Bank officials mistakenly deposited the above amount in his account. Later he came into contact one Bodapati Venkata Nagaraju and 4) he handed over two cheques of each Rs. 25 Lakhs of Beyond Research Development Ltd. Kanpur and accused presented the same on 31.08.2016 at Punjab National Bank,
LB Nagar Branch and the cheques were returned as refer to drawer. 5) Again 16.09.2016 Bodapati Venkata Nagaraju handed over the 4 Cheques vide No.s 555390, 555395, 555397, 555398 Total amount Rs. 3.92 crores belongs to Oil India Limited, Assam through one Balu and he presented the above cheques in SBI, Vaidehinagar Branch, Vanasthalipuram on 17.09.16 and on suspicion the Bank Manager contacted the Company and stopped the payment.On the confession of Nallapureddy Jal Reddy, apprehended the accused Bodapati Venkata Nagaraju and on his confession apprehended the accused Koppolu Chiathanya R/O Prakasham district & Singireddy Rama Krishna R/O Keesara mandal, Rachakonda.
Further the Bodapati Venkata Naga Raju has confessed that the cheques have been handed over to him by Prasanth R/o Malkajgiri, Goutham R/o KPHB, Murthy R/O Barkatpura, hyderabad (absconding) and same they got it from one Mishra of Luckonw, Uttar Pradesh. Efforts are continued for apprehension of accused Prasanth, Goutham, Murthy and Mishra.
Seizure of property
1]9 Cheque Books of various Banks, two Pass Books, 2] Trust Registration Deed Papers 3] 12 AA (1) (b) (i) of the Income Tax, Proceedings of the IT Exemption. 4] 80 (G) (vi) of the Income Tax, Proceedings of the IT Exemption. 5] Allotment of Tax Deduction (TAN) Paper6] Trust relevant Papers and documents and stamps 7] One Swiping machine 8] 6 Cheques pertains to SBI Bank from the possession of A-1
C.P. Rachkonda Mahesh M. Bhagwat IPS has appreciated an efforts of Investigating officer Inspector Muralikrishna of Vanasthalipuram P.S., Supervisory officer ACP Vanasthalipuram Bhaskar Goud and DCP L B Nagar Tafseer Iqbal's in busting this white collar offence. SBI branch Manager Sri. B. Ramgopal of Vaidehinagar branch will be honoured with Good Citizen award.
Commissioner of Police Rachakonda, Hyderabad.