Published On : Tue, Jun 6th, 2017

5 men booked for duping Union Bank with Rs 26.66 lakh in dubious car loan deal, 1 arrested

Hingna police have booked five men on the charges of duping Union Bank of India to the tune of Rs 26.66 lakh by way of dubious car loan deal. One of the accused has been arrested.

The accused Raj Shyamlal Aade (32) of Plot No. 1254/1/66, Sakharkar Wadi, Chikhli Layout, Kalamna, Mohd Shafiq Sheikh (46) of Ajni and Mangesh Jogeshwar Chetale (30) of Nandanvan, in connivance with each other prepared bogus documents and approached Union Bank of India, Hingna Branch for car loan and got it sanctioned between July 2014 and October 2016.

Whereas two other accused Sharif Mohd Jalil Ahmed and Bhuvan Nandkishore Charde opened account in Canara Bank, Sitabuldi Branch, in the name of non-existent Centre Poliyan Motor. Later, the two accused encashed the pay order of car loan and used the money for their personal use instead of purchasing any vehicle. By this fraudulent means, the accused cheated the Union Bank to the tune of Rs 26.66 lakh.

Hingna PSI Dhanorkar, acting on a complaint of the bank, booked the five accused under Sections 403, 462, 467, 468, 471, 420, 120(B) of the IPC. One of the accused Mangesh Jogeshwar Chetale has been arrested. Further probe is underway.