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Home > Mumbai > Mumbai Crime News > Article > One arrested in bank loan fraud worth Rs 1450000 in Hyderabad

One arrested in bank loan fraud worth Rs 14,50,000 in Hyderabad

Updated on: 27 June,2018 11:24 AM IST  | 
ANI |

Meanwhile, a search operation is underway to nab Gopal, who fled after the crime

One arrested in bank loan fraud worth Rs 14,50,000 in Hyderabad

Hyderabad: The Hyderabad Police has arrested one individual for cheating bank officials to the tune of Rs. 14,50,000. The accused, Jatagi Viswanat was arrested on June 25, after a complaint was lodged by Telangana Grameena Bank (TGB), Senior Manager Balakistaiah.


"The accused plotted the crime with another friend identified as Venu Gopal and obtained a loan of amount Rs. 14, 50,000/- from TGB by mortgaging of property. They produced fake documents to obtain the loan," officials said in a statement.


Meanwhile, a search operation is underway to nab Gopal, who fled after the crime.


A case has been registered under sections 420, 406, 468, 471 of the Indian Penal Code.

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