10 CRORE HOME LOAN SCAM- 8 PEOPLE ARRESTED

CEV NEWS: KOLKATA- Eight individuals have been arrested by the bank fraud section of the detective department for defrauding a private bank of Rs 1.2 crore. The fraud involved obtaining home loans for six flats, registered 125 times, with the owner of the building posing as the seller and others as buyers using fake documents. The total fraud amount may exceed Rs 10 crore, as six other banks reported similar loan fraud.

Among the gang, the owner of the building posed as the seller and the others as buyers to dupe banks and take home loans against fake papers.The total amount of fraud might be above Rs 10 crore with six other banks reporting similar loan fraud.

The building in Khardah, part-owned by one of the accused, Pratima Sarkar, had 11 flats constructed on a four-cottah plot. The fraud occurred between January 2021 and the end of 2023, with the accused fabricating papers for the sale of flats. The arrested individuals face charges related to the forgery of documents and bank fraud.

The fraud took place between January, 2021 and 2023-end. “The accused had fabricated papers to sell the flats in ‘Sushil Bhawan’ in Khardah. At least 12 of the FIRs mentioned the private bank’s Chowringhee Road branch was tricked into granting home loans against forged papers. The bank disbursed housing loan of Rs 1,12,94,712 to buy flats from Manimala Enterprises, owned by Sarkar. Later, the bank found the flats were under the possession of third parties,” said DC (Cyber) Atul V.

The fraud occurred between January 2021. “The three held on Tuesday were Golokeswar Mondal (56) from Krishnaganj and Tanmoy Pal (30) and Goutam Modak (46),” said Atul V.