Bank of Maharashtra cheated of Rs 39.36 lakhs based on fake documents

NP NEWS  NETWORK

Pune

Four persons have been arrested by Pune city police for allegedly duping the Bank of Maharashtra to the tune of Rs 39.36 lakhs by submitting bogus documents. Varsha Mahesh Sovani (47) has lodged an FIR in this regard with Kothrud police station.

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According to the police, the accused persons had submitted a loan proposal to the bank’s Mayur colony branch for purchasing land in Bhosari from Vijayaraj Association firm. The loan was sanctioned and they were given demand draft (DD) of Rs 36.36 lakhs. However, they did not submit the DD to the Vijayaraj Association but they deposited the amount in their own firm’s account in Sangli Urban Bank. Later it was found that the accused persons had submitted bogus documents to get the loan amount.

The arrested accused persons have been identified as Sagar Vithal Nikam, Alka Vithal Nikam, both residents of Bhosari, Ashwini Sahare of Bhosari and Rupeshkumar Chopda of Katraj. The incident took place between May 10 to September 30 this year.

Police have charged them for offences under sections 420 (cheating), 406 (criminal breach of trust), 465 (punishment for forgery), 467 (forgery of valuable security, will, etc), 466 (forgery of record of Court or of public register, etc ) , 471 (using forged document as genuine), 34 (common intention) of the Indian Penal Code (IPC).