Published On : Tue, Nov 20th, 2018

12 arrested for cheating IDBI Bank; 4 absconding

Nagpur : The Economic Offence Wing of Nagpur Police has registered cases of fraud against 16 people, who are accused of cheating the IDBI Bank of Rs 1 Crore 74 Lakh by producing forged documents for crop loans. The cases have been registered after five years of the crime and 12 of the 16 accused have been arrested.

The accused have been identified as Rajesh Kothiram Guhe, Santosh Bajrang Nandagawli, Anil Hiraman Ghode, Sarang Ashokrao Chitkule, Ramaji Kauduji Bhende, Jaswantsingh Balbirsingh Pradhan, Patiram Babulal Bawankar, Lakhanlal Chandanlal Rathod, Yogiraj Balkishan Bitle, Sachin Ashokrao Chitkule, Prashant Pundlikrao Borkar, Manjitsingh Balbirsingh Pradhan, Yogiraj Aade, Anupsingh Balwantsingh Pradhan and Vikas Madhukar Kakde.

Prashant Borkar, a resident of Kalamna, is said to be the mastermind behind this crime. He hatched the plan to cheat the bank some five years back. Accordingly, in 2013, he presented loan proposals of 16 people with forged documents like 7/12, society certificate and mortgage papers at Mankapur branch of IDBI Bank. During 2013-14, the bank officials sanctioned loans of Rs 1,35,09,975 in the 16 cases.

However, when the refunds were not being made, the bank officials started investigation and found that the loans were procured on forged documents. The bank officials registered complaints with the Economic Offence Wing of Nagpur Police. It was mentioned in the complaint that the bank was cheated of Rs 1,73,80,000 including the principal loan amount and the interest.

Upon investigation, police found that Prashant Borkar had forged the documents to show farm labourers as farmers to avail the crop loans. Following this, a complaint was filed by bank manager Pradeepkumar Bhalchandra Laghate at Mankapur police station on Monday and police arrested 12 of the 16 accused in the case. The arrested accused were sent to police remand till 23 November.

Number of accused may increase

In this case, the roles of Patwari to bank officials are under suspicion and police are investigating into it. Officials say that the number of accused in the case may increase. Meanwhile, Manjitsingh Balbirsingh Pradhan, Yogiraj Aade, Anupsingh Balwantsingh Pradhan and Vikas Madhukar Kakde are absconding.