TIRUPATI: Kadapa district police wing recovered 37 cars worth approximately Rs. 2 crore in a high profile cheating case and arrested two conmen on Wednesday.
According to Kadapa SP V Harshavardhan Raju, the two key accused in the case were identified as Nimmakayala Venkata Sasidhar Reddy (38) and Sheik Jilani (21), both residents of Kadapa city.
The key accused in the case Sasidhar Reddy approached one Dinne Virendra of Nabikota locality, by posing himself as a senior govt official with many contacts. He asked Virendra to give away his three cars for hire on a monthly rental basis.
Sasidhar Reddy promised to pay Virendra a rental of Rs 30000 for one each car every month and won over the confidence of the vehicle owner by promptly paying the rentals on time initially.
After a few months, when Sasidhar discontinued the rental payments and Virendra grew suspicious, and asked him to return back his three cars, Sasidhar gave lame excuses and failed to even tell him where the vehicles were.
Following a complaint lodged by Virendra, when the Kadapa Taluk police began investigation into the case, they found out that Sasidhar Reddy along with his other accomplice Sheik Jilani, cheated several vehicle owners in a similar way, and had mortgaged about 37 vehicles worth approximately Rs 2 crore to avail a loan of Rs 47 lakh.
Kadapa Taluk police arrested the duo and confiscated all the 37 vehicles from the possession of the accused on Wednesday.
Kadapa SP Harshavardhan Raju appreciated the efforts put in by Taluk CI G Venkateswarulu and his team in arresting the two conmen and cracking this high-profile cheating case.
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