Police mentioned that Ganesh Veling, from the financial institution, lodged the criticism at Bhandup police station.
The accused, Vinod Mishra, has been booked for dishonest, forgery, felony conspiracy and many others. No arrest has been made but.
“Between 2015 and 2017, the accused had some secondhand vehicles. For promoting functions, he introduced some consumers and organized financial institution loans. Paperwork required for the mortgage have been additionally submitted. After verification, the mortgage quantities have been disbursed to the agent’s account,” mentioned an officer.
In such circumstances, the customer has to pay the EMI to the financial institution, added the officer. Whereas the accused had received 395 consumers over a time period, 56 of them stopped paying the mortgage instalments.
That is when the financial institution began inquiring as to why the EMI was not being paid.
The financial institution, throughout its inquiry, discovered that whereas some autos didn’t exist, the registration numbers of among the autos have been both incorrect or altogether faux whereas some autos had not been registered with the regional transport workplace and, in another circumstances, the customer didn’t even exist.
“The financial institution officers discovered these inconsistencies stunning and doubtful. Later, a case was registered,” mentioned an EOW supply.
