Cops nab VFX director for cheating

​Hyderabad: Rachakonda SOT sleuths along with LB Nagar police arrested a highly qualified VFX Director for cheating on a tune of Rs 1. 18 Crore on Wednesday. The accused Asha Kiran Mateti cheated the gullible on the pretext of foreign funds clearance. Police recovered gold and silver ornaments worth Rs 22,68,962, net cash of Rs 2 lakh and a mobile phone from the accused.

According to Rachakonda Police Commissioner Mahesh M Bhagwat, the accused Asha Kiran Mateti (39), resident of Nagole and native of Tanuku, made believe that she was having properties in foreign country. After selling the properties the amount was credited in her bank account and have deposit of funds for a total amount of $ 62,600,899.47 in her account. 

Further the accused said Bank of America freezed the amount and to get clearance of the amount she has to deposit the equal amounts in her local banks. She assured the customers to deposit the amounts in her account and to get confidence made MoU with them in 2017 but by getting doubts they haven’t deposited the amount. In 2018, she laid a trap on Kotagiri Rama Rao and deposited Rs 1.18 Crore on various dates in her SBI accounts and by hand. 

Later she transferred the amounts to her current and savings accounts, made STDR (Special Term Deposit) of Rs 40 lakh and withdrawn the same. After transferring the amount to SBI current account she purchased gold and silver ornaments of Rs 22.68 lakh and renewed SBI life Insurance pension policy of Rs 10 lakh. She further spent Rs 13 lakh in order to release the mortgaged gold ornaments from Muthoot Finance Corporation and spent Rs 6 lakh for lavish life. 

Later he got suspicious on her, the victim pleaded for repayment, where she showed the certificates that she was having Rs 248 Crores of rupees in SBI, Jubilee Hills branch. On several requests made by the victim and his family members the accused returned an amount of Rs 52 lakh through cheque drawn on September 12, 2018. 

After receiving the complaint from the victim, police filed cases under section 419, 420, 468, 471 IPC nabbed her and later handed over the seized material to LB Nagar police for further investigation. Police said efforts are going to nab other accused Hemanth who is absconding.