NTH :: Two arrested for forging documents to procure loan


Press Trust of India | Mumbai June 17, 2014 Last Updated at 22:05 IST | Business Standard

NTH

City police have arrested two conmen, who made an unsuccessful attempt to procure home loan of Rs 25 lakh by submitting forged documents to the financial services company of Reliance Group.

The two accused, Suresh Shinde and Sanjay Parab, were arrested after Reliance Capital Limited, which is a financial services company and part of a Reliance Anil Dhirubhai Ambani Group, complained that the two submitted fake documents in a bid to avail a home loan of Rs 25 lakh, police said.

The interrogation of the duo revealed that they had earlier duped four banks, including Bank of Baroda and Union Bank of India, to the tune of about Rs 70 lakh over a span of three years, said Deputy Police Commissioner Dhananjay Kulkarni.

According to police, Shinde had on May 6 approached Reliance Capital office in central Mumbai seeking home loan. The financial company asked him to provide requisite documents to secure the loan.

“Shinde submitted IT returns, Form 16 and pay slips among others, but they were found to be fake,” the DCP told reporters today.

Following company’s request, the accused reached its office along with his associate Parab on June 10. The company officials confronted the two saying that the documents they (the accused ) submitted were fake, Kulkarni said adding, “Shinde then admitted that he had forged the documents and his associate Parab helped him in doing so.”

The company manager Veerbhushan Jagtap immediately notified police, who reached their office and arrested the two accused for trying to cheat the firm, Kulkarni added.

“The interrogation of the two has revealed that they had duped four other banks as well. 20 credit and debit cards, two PAN cards, one fake election card was recovered from the accused.”

Police suspect that the duo might have cheated several other banks as well.

Source : http://goo.gl/0cgtZH

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