Hyderabad cops arrest TN man for cheating city medical firm of Rs 4.43 Cr

Hyderabad: The sleuths of Central Crime Station, Hyderabad, arrested Raman Ramesh Babu from Coimbatore, TN, who is said to have cheated people to the tune of Rs 4.43 crores.

The cops acted based on a complaint by Daniel Solomon from Hyderabad. Dr Arphita of Arpitha Diagnostics at Habsiguda approached Astler Medicss, represented by its business manager Ramesh Babu, for the supply of GE 1.5 Tesla Supercon MRI equipment. Ramesh Babu agreed to supply the equipment at a cost Rs 4,43,10,000. The amount was paid by the complainant's firm through a loan taken from the Bank of Maharastra to the account of Astler Medicss.

The complainant said that Ramesh Babu did not supply the equipment with malafide and dishonest intention to cheat the complainant firm and caused huge loss.

"The accused was on a run since the FIR was registered. Inquiries revealed that he has also taken about Rs 10 lakhs from one Bala Murugan of Krishnagiri of Tamilnadu promising to supply an X-ray machine and other equipment which he did not supply," the police said.

"On receiving information about the movements of the accused in Krishnagiri, Tamilnadu, a special team lead by SI D Nippun reached Krishnagiri. The accused anticipating his arrest moved from Krishnagiri, to Dharmapuri, Selam, Tanjavur, and Tiruchy of Tamilnadu. However, police tracked him down and arrested him on February 20, with the assistance of local police in Chennai, and brought him to Hyderabad," the police said.

The accused was produced before the court and was remanded to judicial custody.