Hyderabad: The Crime Central Station (CCS) station arrested two people in the case of Bank Lakh 1.39 lakh fraud on Thursday.
The defendant was, M Srinivas, 37, and P Ravi, 25, from Khaja Bagh in Saidabad.
On June 1, the CCS police received complaints from the Head of the Regional Bank Overseas India (IOB) manager who stated that Paca Ravi and other Seven loans were available RS 1.39 Crore loans under the PMEGP scheme (Prime Minister’s Generation Generation Prime Minister) from the Patherbatti Branch of Iob Start the unit for making cement bricks.
“During the loan sanctions process, the defendant filed a false invoice, no supplier quote.
The engine costs were exaggerated and they had shown a fake unit detail and also made a rental and lease agreement.
During the investigation, it was established that M Srinivas created a fake quote in the second name The company M / S Jai Sai Ram Enterprises and M / S Sri Nagi Saadh Enterprises, showed the supply of material to Ravi and was accused of another.
Ravi and allegedly also submitted a false lease agreement from their manufacturing unit to take advantage of loans.
Eight cheats cheat banks for R 1.39 Crore, “the alleged complainant.
Based on complaints, the police arrested the key accused, Srinivas and Ravi on Thursday.
They are returned in judicial custody.
Two were arrested in the case of RS 1.39 Crore Bank Fraud
