4 arrested for bank fraud to tune of `30 lakh
The Shivaji Park police has arrested four people, including a husband-wife duo, for allegedly cheating a Dadar-based bank to the tune of at least `30 lakh in two different cases.
In the first case, the accused have been identified as Pramod Joijade (53), Amita Joijade (43), Shyam Patil (49) and his father Suraj.
According to the police, in 2008, Pramod had taken a loan of `10 lakh on his name from Bhandari Bank for expanding his business. After seven months, he once again took a business loan of `10 lakh from the same bank, but this time, in the name of his wife Amita.
To get the loan, Pramod had made his friend Shyam and his father Suraj Patil guarantors and also kept their Mahim flat on mortgage with the Bhandari Bank. “Since the accused was not repaying the loan, the bank officials recently visited the flat to confiscate it. However, they were shocked to learn that the accused had submitted a bogus NOC, when mortgaging the flat,” said police inspector Shirish Gaikwad, Shivaji Park police station.
“During investigation, we learnt that the accused had also taken a loan of at least `15 lakh from a Parel-based bank by keeping the same flat on mortgage,” Mr Gaikwad said.
The police arrested the accused on Thursday. Suraj is currently absconding.
In another case, the police arrested a Byculla resident, Mujib Khan Farrooki (47), also owner of a Kurla-based shop of electronic appliances, who had taken a loan of `10 lakh from the Bhandari Bank by mortgaging his friend Shailesh Kumar Sinha’s flat.
However, the bank recently learnt that the flat was already mortgaged with another bank for another loan. “We have arrested Mujib and are on the lookout for Sinha,” Mr Gaikwad said.
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