Four booked for duping bank of Rs 13 lakh

Four booked for duping bank of Rs 13 lakh

Agency News

Thane, Nov 2: Four people, including a bank manager and an automobile dealer, have been booked by the city police for allegedly cheating a co-opearative bank here to the tune of Rs 13.50 lakh.

The Naupada Police Station has registered an offence under sections 420, 406, 465, 468, 471 and 409 read with section 34 of Indian Penal Code on Thursday, police said on Friday. No arrest has been made so far in the case, they informed.

The accused have been identified as Alka Singh, Santosh Surve (bothborrowers), New Anand Motors proprietor Ajay Patil and branchmanager Arun Nikam.

Giving details of the case, police said that Singh and Surve had taken loans for purchase of cars from Patil, the car dealer as well as co-conspirator in crime.

When the bank asked the dealer to produce the registration certificate and other relevant documents regarding the purchase of cars, he failed to do so. The accused tried to deceive the bank by submitting 'bogus' pictures and chasis numbers of the cars purported to have been purchased by them.

When the borrowers defaulted on payment of the loans, the bank deputed an officer for inspection and upon inquiry with the Regional Transport Office (RTO), it was revealed that the cars have not been registered with the transport authority.

Hence, the bank filed the first information report (FIR) against the four accused involved in the case. (UNI)