The Task Force police on Thursday arrested a 29-year-old man who was involved in preparing fake documents and bank statements to obtain housing loans from finance firms.
Fake transaction statements prepared by the accused in customers’ names of banks like Axis Bank, AP State Co-op Bank Ltd, SBH and Sate Bank of Patialawere seized. Three fake Voter ID cards and one pen drive containing various bank statements format were seized.
Puppala Venkataiah is a private firm employee. Another accused who involved in the offence is at large.
After finishing his graduation from an open university, Puppala worked in various private finance companies and gained experience in sanctioning the personal/housing loans. Later, he procured all required files from the companies during his service in his pen drive.
In 2011, he quit his job and started providing fake documents with the assistance of one Radha Krishna. They used to charge Rs 1,500 to Rs 2,000 for providing fake documents to customers.