A Police Constable-Turned-Builder Accused of Duping His Personal Division’s Bharatha Scheme and A number of Banks to the Tune of Rs. 2.61 Crore was arrested by the wanaparthy police on tuesday.
The 37-year-old accused Bandaru rakesh, who joined again to obligation after Police Ravula Giridhar mentioned at a press convention. He GOT chosen as Armed Reserve Constable in 2007 and Acquired Transformed His Service Into Civil a Couple of Years Later.
Utilizing the connection whereas serving as a civil constable, he entred actual property enterprise and created his personal enterprise of homes. He first sleep one of many homes in his enterprise to his aide sunkari shekhar. He Created Pretend Paperwork Stating that He Had Bought The Home from Shekhar and Availed Residence Mortgage from Police Division’s Bhadratha Scheme.
“Utilizing the identical particulars, he fabricated paperwork and secured residence loans from Indian abroad financial institution, HDFC and LIC,” The Sp Stated. With this modus opendi, he collected rs. 89 lakh within the type of a number of financial institution loans. In the identical style, he accessible a number of residence loans from completely different banks. The accused spent many of the cash he had earned for his lavish way of life and ended up behind the bars, Mr. Giridhar mentioned.
Printed – August 05, 2025 09:16 PM IST