Five persons, including a Central Armed Reserve constable of Cyberabad police, K. Balakrishna Reddy, were arrested by the Alwal zone police on Saturday for defrauding Rs. 45.31 lakh from a UTI mutual fund account holder using impostors and fake documents.

Reddy's brother-in-law, C. Chandra Shekhar, had been working as assistant manager in dividend processing wing of Karvy Computer Share Private Limited for past 15 years. They hatched a plot to fraudulently transfer funds UTI account holders who did not submit PAN cards and photos.

They prepared fake identity cards and PAN cards in the name of a genuine account holder but used photos of a person called D. Sailu whom they hired to act as impostor. They sent letter to Karvy requesting for change of correspondence address and bank account particulars. Later, they placed a request for partial redemption of 20,000 units and eventually got Rs. 45.31 lakh funds transferred into the fictitious bank accounts.

4 held in murder case

Police on Saturday cracked the mystery behind the murder of an unidentified man whose charred body was found at Pahadisharieff six months ago.

On a tip-off, the Commissioner's Task Force (West) officials caught a carpenter, Abdul Raheem, 20, and three of his associates, all of whom admitted to have murdered Jaleel, an auto-rickshaw driver.

The victim from Hasananagar wanted to marry a woman, Bismillah, even after learning that the latter was already in love with a person, Azhar. Bismillah's younger sister Mariyam and Raheem liked each other and were planning to get married, the police said.

Jaleel threatened to eliminate the carpenter believing that the latter had created ill feelings about him in the mind of Bismillah. He and his associates lured Jaleel to Jalpally in Pahadisharieff offering a party and murdered him.