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

close save
crop image
Wed, Jan 17, 2018 | Last Updated 11:02 am IST

Menu &Sections


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
Which Network's plan is the best?? Airtel or Reliance Jio
Men to look smart is a must to attract girls
Use Fenugreek seeds for many health related problems
A Player who earns 17 Crores for 2 months is just fined 25% of his Match Fee !!!
Goddess Durga Mantras for Happy and Prosperous Life
GST not imposed for second hand car by an individual
Railway Recruitment Board 2017 Education details
Cockfight was part of Sankranthi Celebrations in Vizag
Richest Man in History is Amazon CEO
Richest Man in History is Amazon CEO
India likely to lose 2nd Test despite Kohli's Blitzkrieg
Some interesting facts about the Harvest Festival - Pongal
Significance of Pongal
Vitamin C Enriched Oranges glows your skin
Osteo Arthritis makes many tough to walk
Can Yusuf Patha play in IPL after failing the dope test?
Every morning offer water to Sun God
MISSING - Kidnapped from Bengaluru - Kindly Report if you got any details
.  Despite freezing cold weather 8000 devotees and visitors thronged the Hindu Temple of Atlanta
Apply for Trade Apprentice Post in 2018 BHEL Recruitment
250 smart poles to be installed in Hubballi-Dharwad for charging Electric Vehicles
Can Angelo Mathews bring back glory to Team Sri Lanka?
About the author

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