VIJAYAWADA: Vijayawada cybercrime police arrested a man for allegedly cheating banks by obtaining loans worth Rs 5.28 crore through fake and mule accounts and defaulted loan repayment on Monday.
From the accused, police seized 34 property documents worth about `7 crore, a car, a motorcycle, 122 grams of gold, 927 grams of silver, nine ATM cards, and Rs 11,500 cash.
Addressing a press conference, Cybercrime DCP Krishna Prasanna said the accused Neelam Pawan Kumar, a native of Guduru village in Krishna district, residing in Vijayawada and had opened 26 savings bank accounts in various Axis Bank branches in Vijayawada since 2019.
Using these accounts, the accused allegedly availed loans and credit card facilities from the bank and later defaulted on repayments before absconding.
Following a complaint, a case was registered under Sections 340(2) and 318(2) of the Bharatiya Nyaya Sanhita (BNS) and Section 66-D of the Information Technology Act, 2000-2008.
Accused earlier worked as an e-Seva employee
Based on credible information, police detained the accused and recovered the seized valuables and documents.
During the investigation, police found that the accused previously worked in the e-Seva sector, and allegedly used his computer knowledge to create fake salary slips, ID cards, and other forged documents required for obtaining loans.
“The accused has secured Rs 1.76 crore through nine fake accounts in the Gunadala branch, Rs 1.32 crore through 10 accounts in the Eluru Road branch, and Rs 2.20 crore through seven accounts in the main branch of Axis Bank,” the DCP said.
Police also stated that several criminal cases were previously registered against him in Guduru, Machilipatnam Town, Bhavanipuram, and Krishnalanka police stations.