Man held for cheating finance company in Hyderabad
The arrested man, Deepak Kindo, MD and CEO of Sambandh Finserve Private Limted had obtained a loan of Rs 5 crore from Nabsamruddhi Finance Limited in 2019 and cheated the finance company,
Hyderabad: The Detective Department sleuths of the Hyderabad police on Monday arrested one person Deepak Kindo, MD and CEO of Sambandh Finserve Private Limted from Odisha, on charges of cheating a finance company of Rs 2 crore after obtaining loans fraudulently.
The man had obtained a loan of Rs 5 crore from Nabsamruddhi Finance Limited in 2019 claiming he would use it for microfinance activities in Odisha and Chhattisgarh.
However, he diverted the money into his own bank accounts and cheated the finance company, police said. On information, a police team from the city went to Odisha and arrested him.
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