A resident of Secunderabad, T Sainath, is charged with forming a gang of five and duping many travel and car rental agencies before he was hauled in by the North Zone Task Force
Fraud has myriad faces, but the one that the North Zone Task Force met recently has a novelty that shows crooked ingenuity to defraud car rental and travel agencies.
A native of Secunderabad, Tandava Sainath is just 30 years of age and has studied till Class XII, but he learnt the loopholes in law and earned a business acumen very fast. After working with many private agencies in different capacities, Sainath wanted to make enough to start his own business. One of the methods that he followed was taking expensive cars on monthly rental from travel or car rental agencies and mortgage them with private people after making fake RC books with the help of an RTA agent.
Deputy Commissioner of Police Ch Ramchander who finally nailed Sainath’s gang explained how this network came into being.
The fraud was possible only with the aid of an RTA broker who helped them with spurious RC book. Sainath used to take only expensive cars like Innova, Swift, i20 and pawn them to private people or small enterprises who find mortgaged cars more cost-effective than shelling out `10-`12 lakh for each vehicle. As the single man operation was slow, Sainath got together with three more — Suresh Naidu of Bollaram, Sohail of Towlichowki and Afsar from the Old City. John Babu of Trimulgherry who is a seasoned RTA agent also helped.
The scheme, Ramchander explained, was that each would hire two or more vehicles at a time, pool them and mortgage them to gullible private companies or individuals who needed luxury cars. This would bring in a considerable sum and once they got a large sum, they could disappear and live elsewhere.
The scheme began well but in-between they encountered a problem. One of the two Innovas that Afsar hired met with an accident at Warangal. It was then the enquiry revealed bogus RC book and number. That gave police the lead to the gang.
Surprisingly, the West Zone Task Force, which had been the first to lay their hands on him in August for a case of multiple finances on the same vehicle failed to crack the racket, else the network could have been busted last year itself.
Police managed to arrest Sainath who lives in Indira Nagar colony, Lothkunta in Secunderabad, but the others in the team managed to give police the slip. Several cars have been seized and more investigations are on.
About the Author (Author Profile)
I have been working as a crime reporter in Hyderabad for the past 17 years. I was encouraged to be a journalist by my late father. As a journalist I try to do something unique for society, especially the poor who suffer the most.