Gang involved in Rs 2 crore 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.
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