News headlines


Bangalore: Super 'Duper' Woman Defrauds Banks of Rs 64 Lac

Times of India
 
Bangalore, Aug 8: She hasn't studied beyond Class X but she's a class of her own when it comes to duping MNC banks. She conned them into giving her loans worth Rs 64 lac. In the last four years, her victims include Citibank, Standard Chartered Bank and ICICI Bank.

Hemalatha V (27), who ran a paying guest accommodation, used forged documents to raise loans. Her loan-raising spree would have continued, but for Citibank calling the cops. She was arrested on Tuesday.

Citibank, which lodged a complaint with the Ashok nagar police, said three Wipro employees were on the run after availing loans of Rs 3 lac each. The police reached the Wipro office, only to find no such employees were on its rolls.

Using the photograph attached in the loan application, they reached 36th Main Road, BTM Layout and cornered Hemalatha. On interrogation, she revealed shocking details.

"Hemalatha runs a paying guest house, where mostly women software engineers stay. Before taking them in, she would obtain their photos and forge documents using those photos. She has created a library of fraudulent appointment letters, salary details and other documents which look like originals," DCP Central B N S Reddy said.

Hemalatha had been managing the P-G house for the last four years and raised loans in ICICI (Rs 39 lac), Citibank (Rs 25 lac) and StanChart. The police said Hemalatha was a pawn in the racket and the real kingpin is still missing. She was not involved in the printing of fake papers of Wipro and other firms. Her boss, identified as Suresh, provided her forged papers. He always called her from public phone booths, and never revealed his cellphone number.

"She had met Suresh but not contacted him over his cellphone. He used to meet her at her house and give her directions on how to approach the banks," the police said.

Hemalatha paid Rs 27,000 as rent for the BTM Layout house. During the search, the police found about 15 credit and debit cards in different names. She also had a printer and PAN card. She even filed income-tax returns. 

Late report:

The police have said that in all she possessed four PAN cards, 13 identities, 14 credit and debit cards, seven appointment letters from IT giant Wipro and passbooks of 14 different accounts in banks like ING Vysya and HDFC.

  

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Comment on this article

  • Purushottama, Byndoor

    Sun, Aug 12 2007

    The RBI has laid down the KYC (Know your Customer ) norms to be followed by all Banks. Under this it becomes necessary that before taking any decision to lend proper enquiries are to be made about the antecedents of the borrower.

    Now with market economy qualitative banking has been replaced by quantitative banking because bankers are in hurry to produce statistics and earn promotions. In the process they become penny wise and pound foolish. Bankers also good at whitewashing and present a rosy picture because of legal protection not to disclose anything " in public interest", so dont worry if nothing happens eventually.

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  • Dony Lobo, Milagres,Mangalore/Doha,Qatar

    Sat, Aug 11 2007

    Arrey Yaar, After all all is fair in love and war and business....... Hats off to this single lady for so successfully getting around so many highly educated bank officials. If the likes of Telgi, Erode and Mehna Enterprises plan to start a Business Management College, I bet Hemalatha will be the first choice to be the Principal. Shah Rukhji, a lesson for you ...Kon Banega Korodpathi...and a A mouth-watering lovely plot for CGS...for FUGETTEROS Vol...2....Right?

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  • Alfred J. Rebello, Kundapur/Dubai

    Thu, Aug 09 2007

    Perhpas this is the result when given protection more than required to women.

    DisAgree Agree Reply Report Abuse

  • Abdul Sathar , Uchil-Mangalore/Abu Dhabi

    Thu, Aug 09 2007

    Lavish life style, materialistic environment, we can easily blame our emerging economy, sky rocketing buying power which helps in increasing GDP growth. Unfulfilled requirements has given a way to new breed of banks persuade customers to take more credit cards and loans which created buying habit, result, falling in debt, stress, mental illness.

    Hemalatha has used her brain to produce fake support documents and exploited business greedy financial institutions who concentrate on only statistics to show the growth. She justified the meaning of the billboard advertisement by credit cards companies “You buy we pay”!?.

    DisAgree Agree Reply Report Abuse

  • Khanjar, Mumbai

    Thu, Aug 09 2007

    Suprising Police does'nt have the clue of her other criminal links.

    DisAgree Agree Reply Report Abuse

  • Victor Machado, Kundapur/Mississauga, Canada

    Thu, Aug 09 2007

    I am baffled and amazed at how the ICICI bank staff and their at employees at their call centres located at Bangalore, Calcutta and Mumbai work. As Mr. Rasheed says, may be ICICI Bank and other MNC banks entertain/open accounts or give loans etc. only to crooks and fraudulent persons.

    Genuine persons are not welcome! Genuine NRI persons living abroad cannot even get an NRE account opened, even after providing all types of necessary documents for proof of identity, address verification etc.

    But ICICI bank have tonnes of money to pay Shah Rukh Khan and their likes as the bank's brand ambassador to promote how easy it is to open an account with them, obtain loans etc.

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  • S.A. RASHEED, MANGALORE

    Wed, Aug 08 2007

    This is really surprising. When a person really in need of a home loan it takes months together to get the approval. Being an NRI and after producing all the documents it took me almost 2-3 months to get the loan sanctioned. Whereas for this lady the loan was granted on fraud documents.

    May be the Banks are interested to give the loans to such people only. No wonder, if the employees of Banks have supported this lady. Even if she has taken the loan by presenting the fraud documents, the person taking the loan should sign the documents in the presence of Bank officers. Were they sleeping while the documents were signed !

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