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On the run for 13 years, fraudster caught in Telangana | Hyderabad News – Times of India


HYDERABAD: On the run for 13 years after jumping bail, Srinivas Rao, an engineer, accused in 40 bank fraud cases, ran out of luck and got nabbed by police two days ago. To give cops the miss, he worked in a hotel, begged at Tirumala, and was last employed as a security guard in Bengaluru.
On Tuesday, Karimnagar police commissioner VB Kamalasan Reddy said Srinivas was teaching maths and physics in a private college before he took to crime in 2006. “But in order to earn easy money, he joined hands with few other persons and created fake Kisan Vikas documents and pledged them in different banks and raised a loan of Rs 1 crore,” the commissioner said.
In 2007, based on the complaints lodged by several banks, criminal cases were registered against Srinivas and his gang members at Karimnagar, Warangal, Hanumakonda, Hyderabad and Guntur districts of Andhra Pradesh. A total of 40 cases were registered against him and Srinivas Rao was arrested by Karimnagar police and sent to judicial remand, before he obtained bail in 2008.
Out on bail, Srinivas first began evading court hearings and mandatory visits to police stations before he went missing and secretly took shelter in Hyderabad.
“He took a different name and introduced himself as ‘Shashank Rao’ and earned a job at a private college as a lecturer. During this period, his wife got separated from him and he quit his job and moved to Vijayawada and started to work in a hotel, fearing his wife might inform the police about him,” Reddy said.
Subsequently, he moved to Tirupati and was eking out a living by working at a hotel. But to his misfortune, he met with an accident and was thrown out of work. “Following the accident, he survived by begging at Alipiri in Tirumala to get at least one meal,” Reddy said.
In 2018, his brother Sridhar lodged a missing complaint in Nizamabad and Warangal. Luck smiled upon Srinivas again after some residents of Nizamabad came across him at Alipiri and shared the information with Sridhar. With help of his brother, Srinivas moved to Bengaluru, where he got a job as security guard in 2018.
“But the non-bailable warrants (NBWs) were pending for several years, and we were making every effort to nab him. Acting on a tip-off and analysis of the call data records of the accused and his relatives, we finally caught him two days ago,” said Reddy.

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