Bank of Maharashtra duped of Rs 93 lakh

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Pune, Jul 25 (UNI) Two branches of the Bank of Maharashtra (BoM) have been duped of Rs 93 lakh by submitting fake documents for securing vehicle loans.

Inspector Nandkumar Pinjan of Pimpri police station today said the bank manager, Janardan Shetty, had lodged two different complaints against the suspects for allegedly defrauding the bank last year.

The suspects had submitted fake documents of residential proof, pan card and other papers to the Pimpri branch of the bank to secure loan of Rs 47.53 lakh for buying two wheelers. All the proposals for the loan were made through one Rahul Kothari, who worked as an agent for the suspects. The bank gave out the money in July last year, Mr Pinjan said.

After realising that the repayment of loan was not being done even after a year, the bank initiated an inquiry. It was found that all the submitted documents were fake, he said.

The suspects used the same modus operandi at the Warje branch of the bank, from where they withdrew Rs 45.72 lakh.

Following the investigations, 13 suspects were today booked in this connection, he added.

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