A racket of making fake Layout Regularisation Scheme and Building Regularisation Scheme certificates to obtain home loans from banks was busted by the Meerpet police of Cyberabad on Tuesday with the arrest of six persons.
The accused admitted to have prepared and sold several LRS and BPS certificates to different persons to secure loans. The investigators believe some more brokers are involved in the racket apart from the six persons arrested. More arrests would be made soon, the Meerpet Inspector T. Ravinder said.
Over 400 stamps belonging to the GHMC, HMDA, Revenue and other government offices were seized from the accused, G. Ranga Rao, 52; N. Chandra Mohan, 29; G. Srinivas, 30; R. Ravi Kumar, 24; B. Naga Rajendra, 43; and Ch. Kishore, 42. Along with the LRS and BPS certificates, the accused were also making and selling ‘approved plans’ in the names of GHMC and HMDA, birth, legal heir and revenue certificates as well.
The racket came to light when officials of the State Bank of India’s Kothi branch suspected a LRS certificate submitted by a painting contractor, Srinivas, seeking home loan was fabricated. They went to the HMDA’s Ghatkesar Zonal Commissioner’s office for verification.
The officials confirmed it was a fake certificate and found that even the HMDA Commissioner’s signature was forged on that document. When questioned, the loan applicant maintained that he met Ravi Kumar, a broker, at GHMC’s Saroornagar office while inquiring about the L.R.S. certificate. Kumar assured to ‘look after the procedures’ and secure the certificate on payment of Rs. 8,000.
Kumar admitted during interrogation that, instead of applying for original LRS certificate, he got the fake one prepared with the help of G. Ranga Rao and the four other accused, including a bank executive of home loans branch. Probe is on to identify brokers who sold such fake certificates.