Hyderabad: Gang uses fake identity to get Rs 30L bank loan, 5 held

The accused created a fake identity and submitted fake Aadhaar and PAN cards, educational qualification certificates and job appointment documents to secure the loan.

Hyderabad: The Ibrahimpatnam Police arrested five people on Tuesday, November 10, for allegedly obtaining a loan of Rs 30 lakh from the ICICI Bank in Gachibowli by providing fake documents.

The accused have been identified as Ramavath Gopal, Suresh Babu, Ramavath Suresh, Shankar, and Srinivas. Two of them are from Hyderabad, two from Nagarkurnool, and one hails from Nalgonda.

Speaking to Siasat.com, an official from Ibrahimpatnam Police Station said the accused created a fake identity and submitted fake Aadhaar and PAN cards, educational qualification certificates, and job appointment documents to secure the loan.

They also got a credit card and used Rs 3 lakh through it.

A case has been registered under Sections 318 (4) (cheating), 319 (cheating by personation), 316(2) (criminal breach of trust), 336 (2) (3) (forgery), 338 (forgery of valuable securities, wills, and related documents), and 61(2) (criminal conspiracy) read with 3(5) (common intention), of the Bharatiya Nyaya Sanhita (BNS).

The five have been remanded to judicial custody. Four others involved in the racket are currently absconding. Further investigation is underway.