Inter-state cheating gang kingpin arrested Rs.2 Crore cash and gold seized by CCB 

Inter-state cheating gang kingpin arrested Rs.2 Crore cash and gold seized by CCB 
   

Inter-state cheating gang kingpin arrested Rs.2 Crore cash and gold seized by CCB 


The CCB officials on Tuesday arrested a 45- year -old inter state conman for duping a city based businessman promising to get him Rs 360 crore business loan for a lower interest rate and escaped with the service charge amount of Rs. 7.2 crore in November last year .

The accused has been identified as,Hari GopalaKrishna Nadar,native of Thirunelveli in Chennai.

Based on a complaint filed by Venkataramani Shastri,the Cubbon park police on November 1,last year filed a case against seven persons including Hari Nadar and his associates,Ranjith Panikar,charging them under various sections of  the banning of unregulated deposit schemes act and also under cheating,criminal breach of trust and criminal intimidation against them.

Considering the magnitude of the case was later transferred to CCB who tracked down Ranjith on April 7 and recovered gold valuables worth Rs.10 lakh and Rs 96,000 cash and bank account details worth RS 38.8 lakh from him.

Based on his information the police on May 4 2021 arrested him from Koovalam in Kerala and recovered 3893 grams of gold valuables worth Rs.2 Crore and cash Rs 8.7 lakh from him.

During investigation the accused confessed the crime and a detailed investigation by the team it has revealed that the accused used to target businessman in the pretext of getting them loan in low interest rate and after taking the processing charge he would escape.

Once the businessmen were convinced,they would fix a meeting with the businessmen with Nadar posing as the owner of a finance company who would meet them in a star hotel and after formal talks and assurance to sanction the loan.  

However his associates would then take huge amounts of money towards service charge and commission them to get them a huge amount of  business loan.

The accused used to operate with his associates who were assigned the job to target businessmen and lure them into their trap .

Using a similar modus operandi,the accused targeted Venkataramani S,city based businessman assured to get him RS 360 crore loan . 

After several rounds of talk,the accused presented him with a duplicate DD with Rs 360 crore loan and forced him to pay Rs 7.2 crore towards two percent and escaped .

Investigations so far revealed that the accused has allegedly cheated many businessmen in Karnataka,AP,Telangana,Kerala Tamilnadu, Maharashtra and Gujarat.

The CCB officials are now verifying his bank account transactions to find out about his network and the beneficiaries and further investigation is on.

Finally Bengaluru Police Commissioner,Kamal Pant,has appreciated Joint CP Crime, Sandeep Patil, DCP Crime-1,KP Ravikumar and his whole team who has done a exemplary work and meticulous investigation to nab the notorious inter-state kingpin and recovered valuables worth crores from him and for the tremendous work done by the team a suitable reward will be given to the team he added.