Published On : Fri, Dec 22nd, 2017

2 men defraud BoI with Rs 15 lakh in bogus car loan deal

Nagpur: Two persons deceived the Trimurti Nagar Branch of Bank of India to the tune of Rs 15 lakh by forging documents and procuring loan for purchase of Toyota car.

The two accused, Vishwas Panjabrao Wankhede and Madhav Subhash Babalsare, in connivance with each other, submitted bogus personal documents and vehicle papers to Trimurti Nagar Branch of Bank of India for purchase of a car from Grace Toyota Showroom on June 7, 2017. With the help of these forged documents, the accused duo procured a loan of Rs 15 lakh from the bank. However, neither the vehicle was purchased nor the loan amount returned to the bank by the accused. When the fraud came to the notice of the bank, the Branch Manager Anil Premdas Raut (56), resident of Plot No. 201, Gurudeo Apartment, Trimurti Nagar, lodged a complaint with Pratap Nagar police in this connection.

ASI Gajanan has booked the accused duo under Sections 420, 468, 465, 471, 34 of the IPC and investigating the case further.