Gang involved in Rs 2cr bank loan fraud busted

  • | Saturday | 23rd March, 2019

They had pocketed more than Rs 2crore.The police seized forged documents, two cars, gold ornaments, fake seals and mobile phones from them. Preliminary inquiry revealed that the four-member gang had forged many documents and pledged them in more than five banks to get housing loans. The manager came to know that all the documents were forged. “They had submitted an application for housing loan and had attached the identity cards of a private firm, Aadhaar cards, voter identity cards, PAN cards, revenue certificates and IT returns, bank account details and sale deeds of the land documents. They were produced before a judicial magistrate court and were remanded in judicial custody on Friday.Police also seized two cars, including a BMW, Rs 10,000 in cash, forged documents and seals, a 28-gram gold chain, a six-gram gold ring and mobile phones from them.

Coimbatore: The city crime branch on Thursday arrested a four-member gang, including a woman , that borrowed about Rs 2crore from more than five banks by pledging forged land documents.Parthiban, manager of Bank of Baroda’s Saravanampatti branch, had lodged a complaint against S Nisha, M Senthilkumar, 38, of Narayana Nagar at Ganapathy and A Praveen, 28, of Sivananda Colony. “They had submitted an application for housing loan and had attached the identity cards of a private firm, Aadhaar cards, voter identity cards, PAN cards, revenue certificates and IT returns, bank account details and sale deeds of the land documents. The manager came to know that all the documents were forged. S Meena, 26, of Ganapathy was impersonating Nisha,” a police officer said.Based on the bank manager’s complaint, CCB police registered a case and arrested the three people and also S Prabhakaran, 27, of Rathinapuri, who helped them to forge the documents. Preliminary inquiry revealed that the four-member gang had forged many documents and pledged them in more than five banks to get housing loans. They had pocketed more than Rs 2crore.The police seized forged documents, two cars, gold ornaments, fake seals and mobile phones from them. They were produced before a judicial magistrate court and were remanded in judicial custody on Friday.Police also seized two cars, including a BMW, Rs 10,000 in cash, forged documents and seals, a 28-gram gold chain, a six-gram gold ring and mobile phones from them.

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