Prasad faces cases in US too
Prime accused P.S. Prasad is facing a few cheating cases in the United States, according to a copy of the petition filed in a US court.
In 1988, Mr Prasad and two others had applied for a loan of $1.9 million from Bank of India in the United States for starting a hotel.
Similarly, he took $1.4 million loan from State Bank of India in the US and tried to take $2.5 million loan from Branch Banking & Trust.
After sometime, he defaulted on loan repayments and came back to India. Following this, bank authorities filed a petition with the Court for Southern District of New York for recovery of the loan.
After waiting for nearly one year between October 15, 2001 to July 26, 2002 for his to attend the US court, the banks filed a heabeas corpus petition in India and it is still pending in India.
The Cyberabad police suspect that Prasad may be taking shelter in Delhi or Bengaluru. CID is observing developments in the case as it expects that the case would be transferred to it soon.
Meanwhile, deputy CM and revenue minister Mohammad Mahmood Ali on Monday told officials that registrations through ‘Anywhere System’ should be done only after securing clearance from the concerned sub-registrar or district registrar.
Officials cancelled the four registrations made for 590 acres of government lands by the sub-registrar as per the directions of the deputy CM. Experts are advising people to keep an eye on the possibilities of cheating by fraudsters who seek copies of property documents to change title deeds. They are asking people to file complaints with the police immediately if they find any frauds.
L. Nagamma from Kondapur has a house and some land near Telangana State Special Police Battalion main gate. She lost her husband L. Maraiah a decade ago and documents of their house got misplaced.
So they issued public notices in newspapers saying that they have lost documents of their house.
Soon some persons from the land mafia started visiting their house saying that they had purchased it for `50 lakh from someone.
When Nagamma and her son L. Shikamani explained to them that it was their property and they wouldn’t sell it the mafia asked them to show documents.
Coming to know about the ‘loss of documents’ in the last three weeks about five persons had visited their house on the pretext of purchase.
Hyderabad Additional Commissioner of Police (Crimes & SIT) Swati Lakra said the public should be aware of the possibilities of threats. “In most cases we found the suspects created fabricated documents and used old bond papers,” she said.
Experts have asked the public to keep an eye on registration records frequently in cases of doubts about frauds.