Nagpur: A con man has duped three banks from the city of Rs60 lakh by acquiring loan of Rs20 lakh from each of the banks on pretext of buying BMW car between January 1, 2013, and July 27, 2017.
The accused, Bhushan Tete, did not repay the instalments and fled the city by selling all his properties in 2015. The first case filed by a bank official in the same year. Since then cops have not being able to track down the accused.
According to cops, Tete was a gold merchant who owned a shop in Sadar. He had acquired loan Vijaya Bank, Kamptee Road branch, Bank of India’s Gandhibagh branch and Katol road branch. In the initial period he paid some instalments.
The accused had bought a BMW car from a showroom in city, by using loan taken from of BOI while used Vijaya Bank’s money for other purpose.
Tete, then resident of
Raghuji Nagar, also sold his shop and house before fleeing the city along with his family while the cops remained in dark.
Earlier report was filed by BOI official at Sadar police station in 2015, but cops were not able to track down the accused. An another offence of fraud and criminal breach of trust has been registered against Tete recently.
