3 con bank with fake gold surety on loan

Apr 01, 2013 |

Age Correspondent

mumbai

The Nallasopara police in the Thane district has launched a manhunt for a gang of three alleged conmen, who duped the District Central Cooperative Bank (TDCC) in Thane to the tune of over `1.30 crore by depositing fake gold to qualify for a hefty loan. An FIR has recently been registered in the matter.
According to an official from the Nallasopara police station, who spoke on condition of anonymity, the three accused took a loan of `1,34,94,000 by depositing fake gold in three different branches of their banks. The three accused have been identified as Gopal Mohinder Roy, Chandrakant Deshmukh and Santosh Dattatray Virkar.
The trio had approached different branches at Nirmal, Tulinj and Nallasopara branches of the TDCC to apply for loans. When the bank asked for surety, the trio submitted the gold valuables. The fraud came to the notice of senior bank officials only when the three accused stopped paying the monthly installments of their loans.
As per the contract rules, senior officials decided to auction the gold to get their loan back. However, when the gold was kept for auction on March 28, they found out that it was fake.
Senior police inspector of the Nallasopara police station said that a case has been registered under Section 420 (cheating), and 34 (acts done by several persons in furtherance of common intention) of the Indian Penal Code.

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