7 months ago
ED Attaches Assets in Telangana Fraud Cases
The Enforcement Directorate in Hyderabad has attached properties worth ₹5.15 crore belonging to a GHMC official, Dacha Janardhan Mahesh, for allegedly amassing illegal assets.
Separately, the ED attached properties worth ₹2.91 crore in a bank fraud case involving contractor Subbaiah Korrapati, who allegedly misused credit facilities and bank guarantees.
In another incident, a domestic help and her lover were arrested for stealing gold and silver jewelry from a bank manager's house in Jubilee Hills.
The stolen items and cash were partially recovered, and bank accounts of the accused were frozen.
ED attached 19 properties worth ₹5.15 crore belonging to GHMC official Dacha Janardhan Mahesh for illegal asset accumulation.
ED attached 4 properties worth ₹2.91 crore in a bank fraud case involving contractor Subbaiah Korrapati.
Korrapati allegedly fraudulently availed ₹10 crore credit from Syndicate Bank using forged documents.
Domestic help Juttuka Durga Bhavani and her lover Juttuka Papa Rao arrested for stealing jewelry and cash from a bank manager's house in Jubilee Hills.
Police recovered part of the stolen jewelry and cash, and froze bank accounts of the accused.
- Who
- Enforcement Directorate (ED), Dacha Janardhan Mahesh, Subbaiah Korrapati, Juttuka Durga Bhavani, Juttuka Papa Rao
- What
- Attachment of assets in fraud cases and arrest in theft case
- Where
- Hyderabad, Telangana
- When
- Recent (specific dates not provided for ED cases)
- Why
- Investigation into illegal asset accumulation and bank fraud
Key facts
- Properties Attached (GHMC Official)
- 19 immovable properties valued at ₹5.15 crore
- Properties Attached (Bank Fraud)
- 4 properties valued at ₹2.91 crore
- Accused (GHMC Official)
- Dacha Janardhan Mahesh
- Accused (Bank Fraud)
- Subbaiah Korrapati
- Investigation Agency
- Enforcement Directorate (ED)
- Bank Involved (Bank Fraud)
- Syndicate Bank, Chandanagar
- Fraud Amount (Bank Fraud)
- ₹10 crore (principal), ₹12.3 crore (with interest)
- Theft Case Location
- Jubilee Hills, Hyderabad
- Theft Recovered
- 178.32 grams of gold, 12 grams of silver, ₹5 lakh cash
Timeline
Amit, e-fraud suspect, parks money in another's account, triggering probe.
Then, ED seizes ₹8.06 crore from two in Hyderabad, bank fraud suspected.
Recent Mumbai arrest in similar case hints at wider probe.
Quotes
Enforcement Directorate (ED)
The Enforcement Directorate (ED) is an Indian financial investigation agency
“Dr Mittal purchased properties in his name, his wife, and also in the name of A N Mittal Undivided Hindu Family (HUF) to conceal ownership and disguise the illicit origin of funds”
NDTV
