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3 arrested for cheating HMDA of `5.87 crore
Osmania University police have arrested an official of Hyderabad Metropolitan Development Authority, a former field officer of a private agency and a senior field officer of another private agency on charges of cheating HMDA of Rs 5.87 crore by forging cheques issued in the name of a private agency.
Hyderabad: Osmania University police have arrested an official of Hyderabad Metropolitan Development Authority, a former field officer of a private agency and a senior field officer of another private agency on charges of cheating HMDA of Rs 5.87 crore by forging cheques issued in the name of a private agency.
On March 15, HMDA Chief Accounts Officer Md Anwar Ahmed lodged a complaint with the OU police stating that a former field officer of a private agency who worked in association with the HMDA had forged cheques and fraudulently gained huge amounts of money. During investigation, police found that the total scam amounted to Rs 5.87 crore, in which the involvement of Lunavath Shankar alias Shankar Naik (39), a former field officer at Sai Security Services and resident of Boduppal along with two others, was confirmed.
On thorough verification and questioning of Shankar, it was found that Yelchuri Vijay Mohan Krishna (56), HMDA Accounts Officer and one Raju Ahmed, field officer of a private agency received huge amounts. Further it was found, Shankar, who worked with Sai Security Agencies till 2008, in association with HMDA, colluded with Raju Ahmed and tampered cheques and deposited money in his private accounts.
He had deposited the money in his Indian Overseas Bank accounts opened at three places in Hyderabad. “HMDA officer Mohan Krishna identified the fraud, but was bribed by Shankar and helped in concealing the facts from visiting auditors and internal auditors. Mohan Krishna was paid Rs 85 lakh till date to conceal facts of misappropriation of Rs 5.87 crore that took between 2008 and 2016,” said East Zone DCP V Ravinder.
The DCP said that properties worth about Rs 5.2 crore has been recovered from the trio including Rs 9.75 lakh in cash, gold ornaments weighing about 29 tolas (worth about Rs 8 lakh), silver ornaments worth Rs 9,000, land documents and a house document worth Rs 3.73 crore from Shankar, who had spent Rs 50 lakh on shopping, functions, religious activities and lending money to his close associates. The DCP said the trio has been remanded to judicial custody and further investigation is on in the case.
