Hyderabad: Five teams including one each from the Commissioner’ Task Force and the Central Crime Station are on the job of tracking down Kare Vijay Suryateja, the son of former IAS officer Kare Sai Bhasker.
Suryateja is accused of cheating the Indian Overseas Bank of Rs 70 lakh by submitting false documents to secure a bank loan.
Police found that three months ago he had approached another bank at Jubilee Hills for a housing loan of Rs 1.5 crore.
He had claimed that he knew Union finance minister Arun Jaitley personally and told bank officials that if they did not process his loan he would use his influence with the minister. But bank officials rejected the loan application.
Although his house is located in Gandhinagar while taking loans he showed an address in Jubilee Hills which later turned out to be false.
Police also traced his last mobile phone location to his home in Gandhinagar, but he was absconding and only his family were present there. They claimed ignorance about his whereabouts.
Suryateja is a habitual white collar criminal and is an accused in 20 cases. He even used his late father’s name to secure bank loans.
Police said he had secured loans for business expansion, housing loan and other loans. The latest loan was meant to purchase a Land Rover Discovery Sport Luxury car costing Rs 79 lakh.
Within two days of applying for the loan it was processed and the amount was transferred to the dealer and he got the vehicle delivered. He took the loan in the name of Surya Commercials.