These producers just lost the plot

Two Kannada film producers are among five men arrested by the Special Enquiry Squad of Central Crime Branch (CCB) police on charge of cheated several banks to the tune of nearly Rs. 20 crore by submitting fake documents of sale and purchase of properties.

The men had successfully obtained loans for that amount by presenting fake documents of properties at prime locations in the city.

“The arrested had produced the Kannada film Aakasha Gange and had lost several crores,” Assistant Commissioner of Police (Special Enquiry Squad) Nyamagouda told The Hindu.

Accused identified

The accused men are Anup Edwin Justin (37) of T.P. Venugopala Layout near Anandanagar, L. Sridhar (42) of SIG Apartment in Yelahanaka New Town, Srinath Shankar Shetty (33) from 4{+t}{+h} Cross of Nagarabavi, G. Prakash (51) from 10th ‘A' Main of Basaveshwaranagar 3rd Stage and B. Sudhakar (44) from J.C. Nagar 6th Cross near Kurubarahalli.

“Anup Justin had worked as a software engineer with several companies in the city. He and the others were familiar with bank loan formalities and cheated State Bank of India in Girinagar, Federal Bank in Rajajinagar, UCO Bank in Malleswaram, HDFC Bank near Cubbon Park and Vijaya Bank in Fraser Town,” the officer told The Hindu.

Officials involved

A police officer said officials from these banks and the sub-registrar's office at Basavanagudi were in cahoots with the five. “We are investigating,” he said.

One of the properties relating to the scam was actually bought by one Muralidhar of J.P. Nagar from M.R. Prema of Girinagar in 2002.

However, the accused allegedly connived with some revenue officials at the Basavanagudi sub-registrar's office and transferred the ownership of that land to one Yashoda, a Girinagar resident.

Later, they submitted the fake documents to various banks and obtained loans, the officer said.

The police have confiscated several documents from the arrested men.

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Printable version | Jun 2, 2020 8:33:58 PM |

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