A person evading police for nearly five years in a fraud case of fake bank guarantee certificate of ₹6.6 crore was arrested by Hyderabad police on Monday.
While Govind Salgaonkar was arrested in Mumbai, the prime accused Deepak Kudesia was still at large. Both Govind and Deepak were arrested by the Central Bureau of Investigation's Mumbai branch officials in 2015 in a fraud case involving ₹84 crore.
They secured bail and came out. Worried of the case pending against him in Hyderabad, Govind fled Mumbai and took shelter in Pune.
With a fictitious name of Anil Sawant, he secured Aadhaar card there to avoid the arrest. Hyderabad Central Crime Station Inspector K.M . Kiran Kumar and his team tracked his movements and caught him in Mumbai. The prime accused Deepak, posing as Chief Executive Officer of Gurgaon-based Allenzaury Inc. approached M/s Kyori Oremin Limited in Hyderabad in securing financial assistance. Kyori company secured a contract to supply coal to AP GENCO.
The company was supposed to procure from different countries and supply it to AP GENCO which sought bank guarantee of ₹6.6 crore from the former. Deepak and his associates assured Kyori company to arrange the bank guarantee. They sought ₹1.01 crore from Kyori owners who paid ₹92 lakh to Govind and the remaining to another person called Kothari. The accused fabricated a bank guarantee certificate in the name of Indian Bank's Ghansli branch in West Bengal and passed it on to Kyori company.
Verification by the AP GENCO authorities revealed that the bank guarantee certificate was fake.
