Nagpur: Six out of 11 accused were arrested for submitting fake documents for procuring home loan at Hudkeswar branch of Indian Overseas Bank and duping the bank by nearly RS 1.5 crore. On Thursday, after a lengthy inquiry into the fraud that started on August 11, 2014, the Economic Offences Wing (EOW) of the city filed a case against 11 accused in the case. Out of the 11, six of them were arrested.
The accused have been identified as Vinay Suresh Burle (34), (New Gadgebaba Nagar, Kharbi), Sushant Arunrao Jumde (28), near Ambanagar near Siddheshwar Nagar, Dighori) Nitesh Nanaji Varke (45), Ramkrishna Nagar, Dighori, Rakesh Shankar Raut (32), Dilip Sitaram Patil (44), (Ramkrishna Nagar, Dighori) and Nitin Bhaurao Sable (38), (Somwari Quarter, Sakkardara). The accused have named three more persons in the loan scam, but the police has not released their names yet.
On August 11, the above 11 accused had applied for home loan under Shubh Gruh Loan Scheme at Hudkeshwar branch of Indian Overseas Bank in the city. Through the loan, the accused picked up an amount of Rs 1, 52, 00,300. The accused, just to avoid any suspicion by the bank, paid around Rs 25 lakhs. Upon payment of the same, all the accused’s accounts became Non-Performing Assets (NPA).
Immediately the bank’s senior investigators started an inquiry, through which it was revealed that the accused not only fabricated documents but also made rubber stamps used for government work and misused the same. Bank manager Chandan Kumar Vinodanand Jha (33) lodged a complaint with the police after it was clear that the accused had looted the bank by a total of Rs 1,24,54,589.
As the case involved a large sum of money, the inquiry was transferred to the Economic Offences Wing (EOW). The team, on the basis of a lengthy inquiry, on March 12, 2020 registered a case against the 11 accused under various sections of the fraud and arrested six.
However, police did not disclose the names of the five accused. It is also being investigated whether the officers involved in the bank proceedings were involved in assisting the accused or not. Meanwhile, the arrested accused will be produced in court today (Friday, March 13) and their PCR will be sought. Senior police inspector Vikram Gaud is investigating the matter.