Pune: In a complex fraud case, three individuals have been arrested for using the name of a developer to obtain loans from two banks for a single flat. The fraud resulted in a loss of Rs 31.6 lakh. The incident occurred between September 2023 and July 2024 in Alandi.
Mahesh Kantilal Ganatra, a 44-year-old construction businessman from Lulla Nagar, Kondhwa, filed a complaint at the Alandi police station.
Following the complaint, the Alandi police arrested Vikrant Vitthal Kudalkar (38) from Chakan Chowk, Alandi, Nilesh Laxman Palashikar (36) from Gaikwad Vasti, Moshi, and Mahesh Laxman Palashikar (32) from Moshi Toll Naka, Moshi, under sections 316(2), 318(4), 336(2), 338, 336(3), 340(2), and 3(5) of the Bharatiya Nyaya Sanhita.
According to the police, the accused conspired to create forged documents in the name of the complainant's Siddhivinayak Developers. Using these forged documents, they opened a bank account in the name of Siddhivinayak Developers.
They then took a loan of Rs 34 lakh from Thane Janata Sahakari Bank by mortgaging the flat. Subsequently, they obtained another loan of Rs 22,81,579 from a finance company by mortgaging the same flat.
The accused transferred the approved loan amounts from both banks into the bank account opened in the name of Siddhivinayak Developers. They used this money to purchase a flat from Shubharambh Society in Alandi for Rs 31.6 lakh without making any payment. The complainant reported the fraud, and further investigation is underway by the police.
The Mundhwa Police recently filed charges of fraud against a husband and wife residing in Pimpri-Chinchwad for fraudulently obtaining home loan of Rs 30 lakh.
The fraudulent activities occurred between July 2023 and December 2023 at the Keshavnagar, Mundhwa office of Shubham Housing Development Finance Company.
