Hyderabad, Dec. 3 -- A Hyderabad court on Tuesday sentenced two individuals to seven years of rigorous imprisonment in a housing loan fraud case investigated by the Telangana CID.
The VI Additional Chief Metropolitan Magistrate (ACJM) Court, Nampally, also imposed a fine of Rs 30,000 each on the convicts.
The convicted duo - Vuppula Dasarath Netha (57) and his wife Vuppala Laxmi Bai alias Laxmi Devi (50) - had fraudulently secured a Rs 24 lakh housing loan from the State Bank of Hyderabad's Air Cargo Branch in 2007 by using forged and fabricated documents.
The couple, residents of Nethaji Nagar in Erragadda, impersonated the actual landowner and created fake property documents, including an Agreement of Sale-cum-GPA, to obtain the loan f...