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Two held for cheating vehicle finance companies

Posted by on July 14, 2011 0 Comment

Hyderabad: Central Crime Station sleuths on Thursday nabbed two persons for cheating Banks and finance companies for obtaining multiple finance on vehicles by forging documents.

According to Detective Department Deputy Commissioner of Police J Satyanarayana, five four-wheelers besides other incriminating items were seized from the two accused. The arrested persons have been identified as Thandava Sainath (29), a resident of Defence Colony, Sainikpuri and Avancha Veerendra Nath alias Veeru (31), a resident of JP Colony, Patancheru of Medak district.

Both the accused are car financiers and used to prepare preparing fake Registration Certificate cards of four wheelers, Driving licences, birth certificates of GHMC, Ration Cards, Electricity Bill etc with the help of computer by using latest software technology.

Mr Satyanarayana revealed that Sainath, having computer knowledge used to prepare NOC’s of various financial firms and RTA documents. He, with the assistance of Veeru and others, used the fabricated documents to obtain multiple finance on various vehicles, thereby cheating Banks and private finance companies.

Sai has prepared the fake birth certificates and ration cards for address proof.

Among the items recovered from the accused are five four-wheelers, including an Innova, a Swift, an Alto, a Maruti, a Quailis, a computer system, Scanner and cutter, Hard Disk, 30 fake Registration Certificate cards and 40 fake rubber stamps of various Departments.(INN)

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