Farmer defrauded with 45 lakh for credit fraud in Pune; Relatives, former bank director booked

PUNE: A former manager of a Pune bank and three others were charged, according to police, for using a customer’s information to sanction a loan on his behalf without his knowledge. The complaint was made by Vikas Patil, 42, a farmer from Bambavade in Palus, Sangli.

The complainant informed police that the loan was sanctioned on his behalf in October 2019 when he tried to secure a loan for ₹10 lakh. The men allegedly used the documents provided by the complainant, including a blank check, and received a loan sanctioned.

“The three defendants are relatives of the man, the bank director is said to have helped them. One of the defendants was a guarantor in the applicant’s loan application. The complainant applied for a loan but did not receive it. Two years later, he had his Cibil score checked for some financial work and found it to be low. That’s when he realized it was worth an unpaid loan ₹45 lakh on his behalf, ”said Deputy Inspector Mohan Salvi from the Khadki Police Station who is investigating the case.

The man had asked for a loan of ₹10 Lakh and the men used the documents to get a loan from. to get ₹45 lakh and, according to the police, did not give the applicant the original loan amount.

A case under Sections 406 (criminal breach of trust), 420 (fraud) and 34 (joint intention) of the Indian Criminal Code was registered at the Khadki Police Station.