Crime Branch Unit II officials arrested this week a 21-year-old man who secured a vehicle loan of ₹13.43 lakh from Axis Bank by producing fake documents.
The accused Akshay Nitin More, a resident of Pune, was held from Panvel by Assistant Police Inspector Subhash Pujari and team on the instructions of Senior Police Inspector Nivrutti Kolhatkar of the Crime Branch.
More with two partners, who are absconding, created a fake bank account with Ashok Cooperative Bank in Nerul in the name of Kamal Hyundai Showroom.
Mr. Kolhatkar said, “The accused visited the showroom in Kharghar and got a quotation of ₹13.43 lakh of a car. Using the details of the showroom, he created fake documents and opened an account with the Cooperative Bank.” The accused then created fake accounts with Axis Bank, ICICI and SBI.
Mr. Kolhatkar said, “The accused used his own photo and created fake PAN card, Aadhaar card, and salary slip in the name of Vinod Chavan at a cyber café in Pune. He then applied for a vehicle loan from using the quotation he had got from the showroom. Axis Bank approved the loan and gave the cheque on the name of Kamal Hyundai Showroom. The accused deposited the amount into the fake account of the showroom createdwith the Cooperative bank. He was planning to withdraw the amount via RTGS before he was nabbed.”
When the accused applied for the loan from SBI, a senior official at the bank got suspicious about the documents and informed the police on February 4. The accused was arrested before he could withdraw the amount. The case has been transferred to the Panvel City Police for further investigation.
The police is now trying to trace the partners and the cyber café where the fake documents were made.
