Pune: Contractor files cheating case against financier

PUNE: A 43-year-old civic contractor from Katraj, released recently on bail in a case of giving a bogus bank guarantee to bag a Rs 7 crore road and nullah cleaning works contract from the Pimpri Chinchwad Municipal Corporation (PCMC), has filed a complaint accusing a financier of cheating him in the matter.
Inspector Vikram Goud of the Shivajinagar police told TOI, "The contractor, in his complaint, said the financier had issued him bogus guarantee papers of a public-sector bank at Fort in Mumbai in November last year for a 15% commission on the cost of the project. He paid Rs1.02 crore to the financier, who has an office on Fergusson College road. The PCMC had asked the contractor to furnish a bank guarantee after granting the works contract in his favour. The contractor had then approached the financier to get him the bank guarantee."
The civic contractor had submitted a complaint application to the cyber police two months ago. An FIR was registered by the Shivajinagar police on Tuesday under the offences of cheating and forgery after the verification of the complaint.
Goud said, "A PCMC corporator got the bank guarantee certificates verified. He reported the matter to the civic authorities. The latter then verified the bank guarantee certificates with the issuing bank in Mumbai. The bank, in its reply, stated that it never issued such bank guarantee and it was a fake and fabricated document."
He said, "The complainant claimed he had given the money to the financier to get the bank guarantee, but the financier kept the money with himself and did not give it to the bank to secure a genuine bank guarantee. The police will study the bank guarantee certificates."