Thane man cheats bank; avails loan using forged documents
The Thane Police has arrested a 36-year-old man who allegedly cheated a bank in Thane by taking loans based on fake documents and then defaulting on repayment. The police registered an FIR yesterday on the directions of a local court after a Thane-based branch of a nationalized bank approached it, Kasarwadavali police station's senior inspector Datta Dhole said today.
Accused yet to pay Rs. 1.55 crore
The accused had taken a car loan of Rs. 49.76 lakh in December 2014, a housing loan of Rs. 1.16 crore in January 2015 and a personal loan of Rs. 50 lakh in March 2015 from the bank. He made a part payment of the loan and then defaulted, Dhole said. The accused was yet to repay Rs. 1.55 crore, the official said.
Accused had cheated other banks also
The accused used to change his name and prepare fake documents to approach banks. The man had also allegedly cheated other nationalized banks earlier with the same modus operandi and the cases against him were being probed by a leading investigation agency, the official said. The accused was booked under various IPC sections for cheating, criminal breach of trust and forgery, the police added.
