Adilabad Tractor Fraud | Hyderabad, Nov. 2: Police arrested five persons in Adilabad on Sunday for allegedly cheating farmers by taking their tractors on lease and later selling the vehicles without their knowledge. Six tractors worth approximately Rs.40 lakh were recovered from the accused.
Adilabad Superintendent of Police Akhil Mahajan said the gang was allegedly led by Yogesh, a resident of Amaravati in Maharashtra. The other arrested persons were Kummari Shyamrao, Wagmore Keshav, Pithamber from Indervelli and Amba Rao from Utnoor.
Adilabad Tractor Fraud Targeted Farmers Struggling With Loan Repayments
During interrogation, Yogesh allegedly confessed to forming a gang with the four others to carry out the fraud. He reportedly offered a commission of Rs.10,000 to local persons who helped the gang identify farmers willing to lease out their tractors.
The gang allegedly targeted farmers who were struggling to repay loans taken to purchase their tractors. After hiring the vehicles under lease agreements, the accused allegedly sold them to cheat the owners.
Police recovered six tractors valued at Rs.40 lakh from the accused. Further investigation is expected to establish whether more farmers were cheated and identify any additional persons involved.
ALSO READ: Hyderabad Defence Liquor Sale Case: Two People Arrested
Utnoor ASP Ruthwik Sai Kotte, Utnoor Inspector M. Prasad and Indervelli Sub-Inspector Sayanna were present during the briefing.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter, and Instagram. For all the latest Hyderabad News updates and Follow us on GoogleNews and Follow Our Youtube Channel on Google
