Published On : Sat, Mar 10th, 2018

Man cheats Syndicate Bank of Rs 8 lakh in bogus car loan deal

Nagpur: A conman cheated the Syndicate Bank Branch to the tune of Rs 8 lakh by procuring car loan with the help of forged documents.

The accused Sumit Badaknath Gharde, resident of Plot No. 7, Maharana Nagar, Zingabai Takli, approached Gittikhadan Branch of Syndicate Bank and applied for car loan. The accused prepared bogus documents for the car loan. Based on the documents, the bank extended the loan to the accused and handed over a DD of Rs 8 lakh in the name of Unnati Motors, Kamptee Road. However, the accused, instead of depositing the DD in Unnati Motors for purchasing car, misused the money for his own benefit and thus duped the bank.

Gittikhadan API S S Gaja, based on complaint of Syndicate Bank Branch Manager Milind Bajirao Meshram, booked the accused Sumit Gharde under Sections 420, 467, 468, 471 of the IPC and investigating the matter.