4 booked for cheating coop bank of Rs 25 lakh

VADODARA: City-based

Pragati Cooperative Bank

was cheated by a resident of Manjalpur of Rs 25 lakh. Accused

Manjitkumar Raju

and his aides Jayesh Thakkar, Kalpesh Patel and

Dhaval Purohit

were booked at Manjalpur police station for forgery, cheating and criminal conspiracy.

Raju had applied for car loan of Rs 25 lakh from the bank in September 2016 through Purohit, who told the bank officials that he is Raju’s chartered accountant. Along with his application and documents, Raju submitted Thakkar and Patel’s documents as loan guarantors. Within a week when his loan was approved Raju, Thakkar and Patel went to the bank to sign the final documents and collect the cheque which was in favour of

Shiv Motors Private Limited

, the car dealer.

The accused then also gave a receipt of cheque and bill of the car to the bank. Few details later, Raju also gave insurance papers of the car and paid installations of the loan until July 2017. But, according to the complaint registered by manager of the Manjalpur branch of the bank, the accused did not give receipt of VMC tax and RC book of the car in spite of asking for it repeatedly.

In October last year, when the bank got the RC book copy from Raju, but suspecting that it might be fake, the bank enquired with RTO. The RTO told the bank that no car with the registration number of Raju’s car was registered with them. Later, on checking with insurance company, the bank officials also learnt that the insurance papers were also cooked up.

Police said that all the documents which Raju had given to the bank including the receipt and bill of the car dealer turned out to be forged. “We have received copies of all documents submitted by Raju from the bank. We are verifying them and once we have evidences against the accused we will arrest them,” said a police official.