SOURCE :- SIASAT NEWS
Hyderabad: In a junk account scam, a authorities teacher from Suryapet, Telangana, reportedly duped people of Rs 12 crore and fled.
On Sunday, September 27, patients staged a rally outside the accused’s home in response to the event and demanded justice. They asked for a payment when they approached the officers.
Banoth Raju, a resident of Enaganti Thanda under Lakshminayak Thanda in Chivvemla mandal, is employed by a school in Shettigudem of Atmakur ( S ) mandal.
According to reports, Raju had been running junk resources for at least ten years. The subjects ‘ advocates claimed that he gained their trust by offering merchants daily loans in Suryapet and the surrounding area, and that he also ran a daily-collection finance company.
In a video shared online, a target named Phoolaamma said,” Banoth Raju collected Rupees 20 million from me in the name of a junk account, and he avoided me, saying he had to build a home in his town.”
Raju had “established respect by carrying out transactions frequently.”
The patients claimed that he had extorted a lot of money from a number of people before vanding. Among those reportedly lost income during the deals are parents, teachers, police officers, employees, friends, and close friends.
Another victim claims that Raju acted as an intermediary in obtaining a federal teacher’s Rs. 50 million payment from a financing company and a specific product from a lender. The target claimed that Raju accepted the whole sum after promising to pay results higher than the bank’s interest rate.
Other patients claimed that Raju arranged money in their names before obtaining the funds.
The patients claimed that Raju had been constantly trading with them for money and had earned their trust. However, their concerns were raised after his telephone numbers were abruptly turned off.
When they arrived at his house, they allegedly discovered the property locked. The patients claimed that none of his household people had been seen in the last ten days, giving them a false impression that they had been duped.
After that, they contacted Suryapet Superitendent of Police Narasimha and lodged a problem.
Numerous subjects left devastated and claimed to have lost all of their hard-earned savings.
Chivvemla Sub Inspector Mahesh opened an inspection in response to the problem.
SOURCE : SIASAT
