4 cheat bank using bogus documents

Vadodara: A bank located in Tarsali area of the city was duped of Rs 39 lakh allegedly by four persons. Baroda Gujarat Gramin Bank (BGGB) manager Chhavi Sharma has registered a complaint of cheating against the four for availing loans from the bank by producing fake documents. The police have begun search for the accused who are absconding.
According to the complaint filed by Sharma, the accused identified as Bhavesh Kumar Patel, Kalpesh Patel, Dhaval Kumar Purohit and Manjit Kumar Raju approached the bank separately to avail car loans. Bhavesh first approached the bank in August 2016 and availed car loan of Rs 7.45 lakh. The accused showed that he had bought the car from Disha Motors Private Ltd in Anand and also produced insurance policy, I-T returns and other documents.

Bhavesh paid loans till April last year and then disappeared. He hasn’t paid dues worth Rs 6.71 lakh to the bank. Kalpesh too approached the bank in 2016 and sought loan of Rs 7.45 lakh for buying a car. He too showed on paper that he had bought the car from Disha Motors Pvt Ltd and after paying some instalments till December 2017, he stopped making the payments. Kalpesh is yet to pay Rs 6.47 lakh to the bank.

In December, 2016, Dhaval Kumar approached the bank and sought loan of Rs 7.90 lakh. Dhaval submitted the car’s RC book, insurance policies and also showed on paper that he had paid the money to one Shiv Motors Pvt Ltd from where he bought the car. He paid instalments till May last year and the bank is yet to receive outstanding payment of Rs 6.82 lakh.

In January 2017, Manjit Kumar took loan of Rs 30 lakh from the bank by showing that he had bought a car from Shiv Motors Private Ltd. He too submitted bogus documents. Manjit paid Rs 10.99 lakh but he still owes the bank Rs 19 lakh. “All the four accused are friends and they have cheated many by using the same modus operandi. They first open bank accounts in the name of a non-existent car dealer and show the bank that they have bought car by preparing bogus document,” said Makarpura police inspector, H M Ramavat.

“The accused then pay some instalments and disappear with the money. We will now try to track them down from the bank accounts that they had opened in the name of the car dealer for withdrawing the money,” Ramavat told TOI.