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.

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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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