Katamarayudu telugu movie review | Katamarayudu Movie Review Rating | Katamarayudu Review | Pawan Kalyan Katamarayudu

X
close save
crop image
x
TM
Sat, Aug 19, 2017 | Last Updated 12:59 pm IST

Menu &Sections

Search

Businessman turned producer arrested for cheating Banks

Businessman turned producer arrested for cheating Banks
Businessman turned producer arrested for cheating Banks
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Hyderabad sources have stated that the police had arrested a businessman turned film producer, who stood as a guarantor by mortgaging an already mortgaged property to obtain an Rs 2 crore cash loan from the Himayat Nagar branch of the Bank of Baroda. The loanee too has been arrested. Sources have stated that SK Basheed, along with another accused Vimal Goel, proprietor of GM Jewelers, had cheated the bank by obtaining loans'.



Meanwhile based on a complaint lodged by Nageshwar Rao, Manager of the Bank of Baroda, the police took both Basheed and Goel into custody. According to Rao's complaint, Goel had registered a proprietorship firm in the name of GM Jewellers and obtained the Rs 2 crore loan. He had mortgaged a property situated at Road No 7, Banjara Hills with Basheed as guarantor.

Businessman turned producer arrested for cheating Banks

Moreover on an inquiry by the bank, it was revealed that Shaik Basheed had already obtained a loan from another bank by mortgaging the same property for the same company. According to sources Goel, Basheed and their relatives had registered many jewellery firms and had defrauded many banks to a tune of Rs 11 crore.


Businessman turned producer arrested for cheating Banks
5/ 5 - (1 votes)
Add To Favourite
More from author
Why Government is so serious about this TV Serial??
Vishal Sikka from Infosys Board resigned - And here's why he did it !!!
How Sri Chaitanya school bus crashed into Agricultural Field??
Property dispute made a man kill his brother
School girl sold for Rs.5 lakhs in order to marry a 65 year old guy
Two guys arrested in Hyderabad for having demonetized rupees
Bomb Squad rushed to Delhi HC after a bomb threat which turned out to be a hoax
Bengaluru lakes froth like never before; residents say scared to step out
Did BJP receive 705 Crores from Corporate Donors??
Has the mystery behind Braid cracker chopped??
Edappadi Palaniswami announced Commission of Inquiry in death of J.Jayalalitha - Joining of EPS and OPS?
Why TDP in charge Jyothula Chantibabu quits party???
Legislator warned by Speaker for making insensitive remarks against Bhavana's sexual harassment
Do you want to know about the kid who became a hero in British TV??
Balakrishna caught while distributing money - But no stern action taken so far!
Cash back offers for customers from Reliance Jio
Why Jagapathy Babu blames Lodha Group for flouting rules??
Is there any revision for knee replacement surgery??
 Balayya facing mental troubles!
Bhuma inducted her family rival into party
Does Pawan needs senior leadership to guide him and his party??
Woman arrested for forcing her 14 Year Old daughter into prostitution
Nellore IT guy missing in Chennai
170 Telugu workers returned from Oman by sudden closure of Company
Rs.19 lakhs robbed from Rice Mill Owner
Do you know Babu's favorite politicians??
"Kashmir problem cannot be resolved by bullets or abuses but by embracing Kashmiris": Modi
'I am neutral in Nandyal Election' Jana Sena Founder
How come Hyderabad becomes Free of Open Defecation?
40,000 songs could be downloaded within seconds with this TINY device and we ain't kidding !!!
To BOOST Popularity Facebook buys Whatsapp for $19 billion
Heavy rain in Bengaluru flooded homes, roads and cars, Heaviest Since 1890
Kerala Police making investigations about suicide of 16 year boy in Blue Whale game
Pawan stunned AP, Telangana state CMs
Tamilnadu DMK Chief Karunanidhi admitted in hospital for a surgery
12 year old school girl raped while returning from I-Day Event
About the author

Nanotechnology Degree Holder. Movie Geek. Crazy about comics and cartoons. Hardcore Cricket Lover. Photoshop Professional