It was a proud moment for Roopa Mudgil, Superintendent of Police of Yadgir district, and nine police personnel when they were honoured by Sanjay Kaul, Managing Director of National Collateral Management Services Limited. (NCMSL) for their quick action in arresting those who tried to dupe NCML of Rs.10 lakh and for recovering the full amount. Function Kaul who flew down specially to attend the function, presented mementos and certificates of appreciation to Shankar Ragi, Inspector of Hunasigi police station; L.C. Kolkar, Sub-Inspector of Kembavi police station; Arjunappa, Assistant Sub-Inspector; and eight police constables who were responsible for cracking the case within 75 days.

The main accused, Malleshi Poojari, who was working as a Manager of the NCML  run godown at Khanapur in the Kembavi police station limits, had forged records to show that second accused, Sharanabasu P. Patil, had kept 4,980 bales of cotton in the godown in the Sai Warehouse in Khanapur camp. Further, he had issued a certificate to enable Patil to raise a loan of Rs.28 lakh for the cotton bales stored in the godown. Based on the documents provided by Poojari and the Mumbai office of NCML, State Bank of India released the first installment of Rs.10 lakh to Patil. A visit from a bank official to the Sai Warehouse at Khanapur camp on May 4 revealed the fraud committed by Poojari. Kolkar swung into action soon after receiving a complaint and arrested both the accussed. Based on the information provided, the police team raided Patil s house at Ternal village of Muddebihar taluk in Bijapur district and recovered the entire amount of Rs.10 lakh. Later, the amount was handed over to NCML.