Bank Manager, five others cheat ex-serviceman

​Hyderabad: An Assistant Commissioner of Police (ACP) is allegedly denying justice to an ex-serviceman at the behest of one of the accused persons in a criminal case.

This relates to a criminal case in which five persons, acting under the guidance of a bank manager, secured a bank loan mortgaging the property document of an ex-serviceman forging latter’s signature.

The five accused include Narsimha Murthy, Srikanth Chary, Manoj Kumar, Suresh Chary and Sudhakar Chary, while the bank manager, who gave them the idea and subsequently sanctioned a loan, has been identified as Rajasekhar Prasad.

Documents available with The Hans India shows that the ex-serviceman A Narsimhulu owned a house site in Old Bowenpally. While living at Nagole in the year 2000, he gave the original documents of the house site to his neighbour Manoj Kumar, requesting the latter to arrange a loan to meet the expenses towards the treatment of his daughter who suffered paralysis.

However, Manoj did not secure any loan for the ex-serviceman. In the meantime, Narsimhulu was compelled to shift to Sangareddy due to personal reasons and he forgot to take back the original documents.

In 2003, Manoj and other four accused approached Rajasekhar Prasad, who was the then branch manager of State Bank of Hyderabad, Yakuthpura branch, for his advice on making money out of the property document.

Rajasekhar Prasad told the group that he would instruct the field officer to recommend release of the loan and advised to execute a mortgage deed by forging the signature of the actual owner.

Accordingly, Narsimha Murthy, impersonated the original owner Narsimhulu in the application and mortgage deed based on which the bank manager sanctioned a loan of Rs 2.5 lakh in 2003.

Documents show that Rajasekhar Prasad took Rs 1 lakh as his share and gave Rs 1.80 lakh to the five accused to be shared among them.

Subsequently, the loan account was declared as NPA (non-performing asset) as the same was not repaid by the fraudsters and the bank auctioned it.

The actual owner was unaware of all these things until 2013. The ex-serviceman approached the police and filed a case against Manoj Kumar and other unknown accused. During investigation, the role of other accused including that of the bank manager came to light.

However, the bank manager, now retired, influenced the ACP, Begumpet S Ranga Rao and made him instruct the investigation officer not to arrest him.

The ACP allegedly told the Investigation Officer to explore all possibilities to delete the bank manager’s name from the list of accused and when it did not materialise, he instructed the Investigation Officer to file a charge-sheet showing the bank manager as absconding, so that he can get a bail without going to prison, alleged the victim, A Narsimhulu.

“I have been running from pillar to post for the last three years to get justice. The fraudsters have secured a loan on my property which I bought with the hard-earned money.

Though there is clear evidence of the involvement of the bank manager, the ACP is trying to save him and cause injustice to me,” Narsimhulu told The Hans India.

When contacted, Deputy Commissioner of Police (DCP), North Zone, B Sumathi, said nobody would be spared in the case. “I will give necessary instructions to the Investigation Officer in this connection,” the DCP said.