Express News Service
HYDERABAD: Four men were arrested on Wednesday for duping ICICI Bank, Nacharam branch to the tune of Rs 1.3 crore by creating salary accounts in the name of a fake company through a joint operation conducted by a Malkajgiri Special Operations Team and Nacharam police.
The mastermind Boda Srikanth, along with Banoth Sumanth, Bhukya Nagesh, Guddeti Gowtham and Yadla Bikshapathi conspired to create forged papers of a non-existent company, ‘Living Interior Design’ and availed salary accounts at ICICI Bank in Nacharam. To create bank accounts, Srikanth who hails from Warangal, approached his neighbouring villages and thandas and lured unemployed youth and housewives to give him their Aadhar cards on the pretext of providing loans at low rate interests. He then created the salary accounts on their names.
Rachakonda Commissioner of Police Mahesh Bhagwat said: “Boda Srikanth enrolled 53 persons as employees of the Living Interior Designer firm, opened savings accounts in ICICI Bank at Habsiguda, Ramanthapur and Uppal branches for crediting their salaries through the bank. Boda Srikanth further credited Rs 1 to Rs 2 Lakh salaries into the accounts of 34 credit card holders and raised their income range to get a good credit line for getting maximum purchase or credit limit.”
Using the facilities provided by the ICICI Bank for credit card holders, Srikanth withdrew a total amount of Rs 1,33,65,000 on 34 credit cards and paid a…
