Gang avails Rs 2 crore education loans with forged papers, held in Bengaluru
TNN | Feb 1, 2019, 11:32 IST
BENGALURU: RT Nagar police have arrested a gang of four for allegedly availing education loans to the tune of over Rs 2 crore from Karnataka Minorities Development Corporation Ltd (KMDCL) in the name of innocent students.
The accused are Imran Khan, 30, from RT Nagar, Mohammed Iqbal, 47, (Palace Guttahalli), Multani Ifthikar MD, 30, and Sultan Pasha, 32, both from HBR Layout. The fifth accused, Srirama Gasti, a resident of Uttarahalli Main Road and from Bagalkot district, is at large.
Police seized two laptops and six mobile phones used by the accused to commit the offence. KMDCL provides financial assistance, ranging from Rs 10,000 to Rs 75,000, to those seeking admission to various courses, including diploma. The documents to be filled and other procedures are done online (www.kmdc.nic.arivu-2).
The accused set up a fake office of the corporation in Ganganagar, near RT Nagar. They approached students and collected their documents, promising loans. Later, they misused the documents to create login IDs on the website and uploaded fake certificates in the name of various students and colleges. They ensured the loans were sanctioned and got the money into their accounts, police said.
On a tipoff, RT Nagar police raided the office on January 26 and arrested the four accused. The accused confessed to have availed education loans of Rs 2 crore in the name of students and cheating the government by not returning the loan amount.
The accused are Imran Khan, 30, from RT Nagar, Mohammed Iqbal, 47, (Palace Guttahalli), Multani Ifthikar MD, 30, and Sultan Pasha, 32, both from HBR Layout. The fifth accused, Srirama Gasti, a resident of Uttarahalli Main Road and from Bagalkot district, is at large.
Police seized two laptops and six mobile phones used by the accused to commit the offence. KMDCL provides financial assistance, ranging from Rs 10,000 to Rs 75,000, to those seeking admission to various courses, including diploma. The documents to be filled and other procedures are done online (www.kmdc.nic.arivu-2).
The accused set up a fake office of the corporation in Ganganagar, near RT Nagar. They approached students and collected their documents, promising loans. Later, they misused the documents to create login IDs on the website and uploaded fake certificates in the name of various students and colleges. They ensured the loans were sanctioned and got the money into their accounts, police said.
On a tipoff, RT Nagar police raided the office on January 26 and arrested the four accused. The accused confessed to have availed education loans of Rs 2 crore in the name of students and cheating the government by not returning the loan amount.
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