28/01/2023
PRESS NOTE
(FIR No. 14/2023 U/s 120-(b), 419, 420 467, 468, 471 & 472 R/w 34 IPC
of CCS Hyderabad)
A Kolkata based gang consisting of four members who involved in preparing Fake Bank Guarantees has been arrested and seized (02) cheques, (05) mobile phones and (60) Fake Bank Guarantees copies from them.
Details of Accused:
A1 Godishala Naga Raju, 45 years,Advocate & Loan Agent,Warangal.
A2 Naresh Sharma, 52 years R/o Jaipur Rajasthan.
A3 Nilotpal Das, 56 years, R/o Kolkata, West Bengal.
A4 Subhrajit Ghosal, 31 years R/o Kolkata, West Bengal.
Generally for awarding a Government Contract during documentation to assess the credibility of the applying company Bank Guarantees are asked from company (as a security that company will complete/execute the project).
In present case Harsh*tha Infra Engineering Private Limited awarded Bio-Mining contract in Karimnagar Smart City Corporation Limited for which Rs. 1 Crore Bank Guarantee to be given. Subsequently, Harsh*tha Infra Engineering Private Limited also awarded 11 Bio-Mining contracts by Director of Muncipal Administration and the company had to submit Bank Guarantees Rs. 2.25 Crores.
A1 Nagaraju from Warangal, Telangana had acquaintance with the victims Prajwel and Sandeep Reddy of Harsh*tha Infra Engineering Pvt Ltd. Nagaraju told them that Bank Gurantees will be provided on commission basis. They contacted A1 Nagaraju for providing BGs because their company was awarded with Bio Mining work orders from Telangana state government.
A1 Nagaraju contacted A2 Naresh Sharma from Jaipur, Rajasthan who in turn contacted A3 Nilotpal Das and A4 Subrajit Ghosal from Kolkata, West Bengal who had been the master mind behind the Fake Bank Guarantee document racket operating from Kolkata, West Bengal.
A3 Nilotpal Das reached out to the customers through his friend A2 Naresh Sharma and supplied fabricated Bank Guarantee documents by charging 14 % commission on the BG amount. Each person in this network takes percentage of the commission.
A3 Nilotpal Das & A4 Subrajit Ghosal prepared (12) fake Bank Guarantee documents for a total worth of Rs. 3.25 crores by using fabricated letters in the name of IndusInd Bank, Park Street Branch, Kolkata, West Bengal and collected Rs. 47 Lakhs as commission for this work. A1 Nagaraju also took (02) cheques worth Rs. 1.1 Crore as security from Harsh*tha Infra Engineering Pvt Ltd. The company submitted them to Karimnagar Smart City Corporation Ltd and Director of Muncipal Administration, Hyderabad. The prime accused had created fake web site and fake name of IndusInd Branch. When the concerned authorities cross checked by sending E-Mail to the website specified on the BG documents, the accused responded by sending return fake mail confirming genuineness of the documents. But when the hard copies of the BG documents were sent to the specified address for verification, the IndusInd Bank authorities identified them as fake documents and reported the matter to Police.
The accused A3 Nilotpal Das and A4 Subhrajit Ghosal prepared fake Bank Guarantee Documents in several occasions in the past on the name of IndusInd Bank and other Banks in different states. During the preliminary investigation it is found that the accused A3 Nilotpal Das and A4 Subhrajit Ghosal have prepared about 60 Fake Bank Guarantees worth of Rs. 45 Crores of IndusInd Bank, Bank of India and Punjab National Bank and the same has to be probed further.
Arrest of Accused: A3 Nilotpal Das & A4 Subrajit Ghosal were arrested from New Town, Kolkata and A1 and A2 were arrested from Uppal X road, Hyderabad.
The accused were arrested by M Mattaiah, inspector of Police, EOW Team IX, under the supervision of Sri S Mohan Kumar, ACP, Sri N Mahender, Addl DCP, EOW, CCS DD Hyderabad and Smt. Sneha Mehra, IPS, Dy. Commissioner of Police, Cyber Crimes, Hyderabad in assistance with K.Prasad Rao, Inspector, CCPS and SI V.Shiva Shanker, T.Vasu Babu HC 3382, P. Janardhan HC 7998 and J.Srikanth, PC 3689 of EOW, Team-IX, CCS, DD, Hyderabad.
Joint Commissioner of Police,
CCS,DD, Hyderabad.