Loan defaulter arrested, assets worth ₹7 crore seized
Neelam Pavan Kumar, a fraudster from Gudur village, was arrested by cybercrime police for borrowing loans using fake documents. He opened 26 accounts in various branches of a private bank and accumulated loans totaling ₹5.28 crore. Police seized assets worth ₹7 crore, including a car, gold and silver ornaments, and multiple ATM cards.
- ▪Neelam Pavan Kumar borrowed loans with fake documents and did not repay them for several years.
- ▪He opened 26 accounts in different branches of a private bank in Vijayawada.
- ▪Police seized assets worth ₹7 crore, including a car and gold jewellery.
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The cybercrime police arrested a fraudster, Neelam Pavan Kumar, who borrowed loans with fake documents and did not repay them for the last few years.A native of Gudur village in Krishna district, Pavan Kumar, worked in e-Seva for some time. He opened fake accounts with false ID cards, residential proof and other documents, said Deputy Commissioner of Police (DCP-Cybercrimes) K. Krishna Prasanna.The accused opened 26 accounts in Eluru Road, Gunadala and other branches of a private bank in Vijayawada, and borrowed loans worth ₹5.28 crore. Pavan Kumar was wanted in other cases in Krishnalanka, Bhavanipuram, Bandar Two Town and Gudur police stations, Ms.
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