Ambati Krishanamurtiy
3 held for bank fraud Hyderabad ; An alleged notoreous chead Ambati Krishnamurthy 52, a private employee working in Khairatabad and his associates S Venkatanarayan 42, of meerpet and K Lakashminarayaya 52, of khairatabad were arrested by the CCS nort zone team A police press release said that the trio was involved in cheating the letterhead of SRM Foundation and opening an account in bnak Of Broda they deposited two demand drafts drawn in favour of the SRM Foundation after creating a fake SRM Foundation letterhead they withdrew Rs.22 Lakh and closd the bank account and are absconding they had purchasd two cars and a flat in adarshnagar The racet came to light after Krishanmurtiy eho recevived three DDs each wroth Rs.11 Lakh from Vijay Doula of Raipur(Chhattisgarh )for purchasing land in fovour fo SRM Foundation returned a draft saying that the not successful and reported the loss of two DDs however he created a fake trust on the name of SRM Foundation with documents and ID proof he presented two DDs after opening bank account and encashed them thus causing a loss of Rs.22 Lakh to the bank and SRM Foundation the CCS resistred case follwing a complaint lodged by the bank it worked on cles for 15 day and nabbed the trio under the supervision of the DCP Detectiv Department