Hyderabad: Four booked for securing Rs 84.51L loans from SBI on fake documents

Hyderabad: Abids police have registered a case against four persons for allegedly securing loans from State Bank of India (SBI) by using forged employment records, fake salary slips, Aadhaar cards, and Form-16.

The total loan amount involved, including interest, is Rs 84.51 lakh.

Fraud detected after loan recovery failed

The fraud came to light after the accused failed to repay the loan amounts despite repeated reminders, recovery messages, and legal notices issued by the bank.

When officials attempted to trace them, it was found that the accused had shifted their residences to evade recovery proceedings.

Following this, SBI Gunfoundry Branch Assistant General Manager S. Ramakrishna lodged a formal complaint with the police.

Fake job records used to secure loans

Police said the accused submitted forged job appointment letters, fabricated salary slips, fake Aadhaar cards, and false income-tax documents as proof of employment and income to obtain individual loans from the SBI Gunfoundry branch.

Details of the Accused and Amounts Availed

The four accused have been identified as: Sheikh Zaheer Ahmed (24), resident of Tirumala Nagar, Moula Ali – loan of Rs 26 lakh. Bhukya Jyothi (27) of Tatikonda, Jittegudem village, Ghanpur mandal, Warangal district – claimed to be a Senior Assistant at Professor Jayashankar Telangana State Agricultural University (PJTSAU) – loan of Rs 17.43 lakh.

Jatoth Mounika (27) of Boyyatanda, Tarigoppula mandal, Warangal district – claimed to be an attender at GAIL Company – loan of Rs 17.98 lakh. Sabavath Shankar (43) of Palem Thanda, Chintapalli mandal, Nalgonda district – claimed to be an attender at PJTSAU – loan of Rs 13.01 lakh.

Case handed over to CCS for detailed probe

Considering the organized and multi-location nature of the fraud, the police have transferred the case to the Central Crime Station (CCS), Hyderabad, for detailed investigation and to trace possible links to a larger loan racket.