HYDERABAD: Task Force sleuths on Thursday arrested ten persons, including five bank employees, for obtaining 125 credit/debit cards and bank accounts on fictitious names by duping banks to the tune of Rs 1.52 crore. Police recovered Rs 6.90 lakh along with mobile phones from the accused.
The arrested persons are - kingpin of the racket K Ranga Reddy from Nalgonda, Thipparthi Vinay Kumar Reddy, Meka Santosh Reddy, GHMC employees Varikuppala Srikanth and Makkala Naresh, HDFC bank employees Gopatoti Kishore Babu and Reddypally Sandeep Kumar, swipe machine supplier Gorantla Sailesh Kumar, SBI agents Uppu Anand and Muddunuru Paramesh Kumar.
Hyderabad police commissioner VV Srinivasa Rao said Ranga Reddy floated a fictitious company Parnika Nano Systems Pvt Ltd and registered it with Registrar of Companies in 2013.”“For this, he collected data base of false employees by creating fictitious names. “The accused opened 125 salary accounts on fictitious names. The accused used to deposit salaries in all 125 bank accounts and withdrew the amount from accounts,’’ the commissioner said.Between 2013 and 2015, the accused influenced bank employees and obtained 125 credit cards, each valued at Rs 1.25 lakh.