AURANGABAD: An entrepreneur-cum-farmer has been booked for allegedly duping State Bank of India of Rs 74 lakh by selling off the morgaged machinery without the bank’s consent.The MIDC Waluj police have launched a hunt for the 44-year-old suspect, who allegedly committed the crime between November 2017 and January this year.Police inspector Dnyaneshwar Sable said the suspect first registered a company in the name of Amit Enterprises in the Waluj industrial area and obtained a loan from SBI for buying machinery and as working capital.“The loan was disbursed to him from the main branch of the bank situated in Amarpreet Chowk, Jalna Road. When the suspect defaulted on paying the instalments, the bank took a follow-up action. It discovered that the suspect was not running the business and had disposed of the machines without bank’s knowledge and information,” said the officer.According to police, the bank sent several notices while asking the suspect to clear the dues, but in vain. Left with no option, assistant general manager Jyoti Kamble lodged a police complaint against him.Barely two days ago, the EOW of the city police registered a cheating case with the Vedantnagar police station and booked seven suspects for duping HDFC Bank of Rs 67 lakh.According to a complaint lodged by the bank’s Padampura branch manager, the suspects obtained a loan with the help of forged documents.Four of the suspects have been arrested while a hunt has been launched for the remaining two, including the one who allegedly forged the documents, including income tax returns, PAN and other relevant identity proofs and helped them in obtaining the loan.

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