Archive · 28 Dec 2025
Five Arrested in Rs 2.41 Crore House Loan Fraud
A man named Nakka Anjaneyulu Goud bought a house in 2001.
Later, he needed money and asked a businessman named Nunavath Yugandhar for a loan.
Yugandhar and his friends tricked Goud by taking his house and getting a big loan from the bank using fake papers.
They used the money for their own business and shared it among themselves.
The police found out and arrested all five people involved.
They are in jail now, and the police are still investigating.
Nakka Anjaneyulu Goud bought a house in 2001 and later sought a loan from Nunavath Yugandhar in 2022.
Yugandhar and four others conspired to defraud Goud by transferring the property and securing a ₹2.41 crore loan from Axis Bank.
The accused used the loan amount for investment in Hydrolina Bio-Tech Pvt. Ltd. and distributed portions among themselves.
Yugandhar has a history of similar offenses with six cheating cases registered against him.
Police arrested all five accused and remanded them to judicial custody under IPC Sections 406, 420, and 120(B) read with 34.
- Who
- Nakka Anjaneyulu Goud (victim), Nunavath Yugandhar, Mona Siddu, Katroth Jagadeeshwar Rao, Katroth Bhaskar, Venu Reddy (accused)
- What
- Fraud involving forged sale deeds and bank loans
- When
- Incident occurred in 2022, arrests made recently
- Where
- Hyderabad, India
- Why
- Financial gain through fraudulent activities
- Victim
- Nakka Anjaneyulu Goud
- Accused
- Nunavath Yugandhar, Mona Siddu, Katroth Jagadeeshwar Rao, Katroth Bhaskar, Venu Reddy
- Loan Amount
- ₹2.41 crore
- Bank Involved
- Axis Bank
- Company Involved
- Hydrolina Bio-Tech Pvt. Ltd.
- IPC Sections
- 406, 420, 120(B) read with 34
