Bangalore, Sep 26: Two conmen, who had allegedly conned a non-resident Indian earlier this year and made away with Rs. 60 lakh in cash from him, have finally been arrested by the sleuths of the City Crime Branch in Bangalore.

Mr. Reddy had set up a factory at Hyderabad and wanted to expand it. He had approached several banks and finance agencies for loan.
The accused had learnt that Mr. Reddy was seeking a huge loan and decided to approach him. They allegedly secured Mr. Reddy's number through some agents in the finance companies. The duo was usually targeting wealthy people who sought huge loans from banks and were obtaining their numbers.
The accused had contacted Mr. Reddy over phone and claimed that they could offer him a loan of Rs. 300 crore at low rate of interest. Following this offer, the victim decided to meet the accused at Bangalore.
The three men met at a star hotel on M.G. Road here. At that time, the accused offered Mr. Reddy a loan at 6 per cent interest and demanded Rs. 60 lakh in cash for registration documents and fee. According to the police, Mr Reddy did not suspect the accused, who pretended to be very professional, and had even gone to Hyderabad on the pretext of inspecting the property documents and œverifying them.
Apart from paying Rs. 60 lakh in cash to the accused, Mr. Reddy had also footed their hotel and fuel bills during his trip to Hyderabad.
After a couple of days, when there was no communication from the accused, Mr. Reddy tried calling them. However, they were not reachable as the police suspected they had either switched off their phones or change the numbers.
Realising that he had been duped, Mr. Reddy filed a complaint with the Ulsoor gate police on February 22, following which it was transferred to the CCB in April. After investigating into the case, the sleuths arrested the duo.
The police said that the images obtained by cameras in the hotel where the accused had met Mr. Reddy, had given them a vital clue to help crack the case.
Sources said that there were more persons involved in such frauds and mainly operated in Mumbai. However, the police said, they were checking if there were other associates of the accused involved in the fraud.
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