The accused of loan fraud were former bank employees: the police

Sanpada police have revealed that two gang members, who were recently arrested for setting up a shell bank, were bank employees and used their knowledge of loan documents to fool people.

APMC police dismantled the gang and arrested Rohit Nagwekar (30), Bhalchandra Palav (27) and Omkar Mhatre (35) on September 2. Police seized two cars and forged documents. Police said the defendants set up Vijaydeep Co-operative Bank after the bank they worked at closed.

Sanpada police said the defendants, who are in their custody, deceived 68 lakh people. Their victims were mostly residents of Sanpada, Nerul, Naupada, Bhoiwada, Bhiwandi, Vartak Nagar, Kala Chowky, Khadakpada and Chunabhatti. Police said the accused would force victims to pay processing fees to secure loans. They promised loans at lucrative interest rates to attract customers.

Deputy Police Inspector Keshav Dinde said: “Two people have lodged complaints about being cheated of ₹ 5 lakh. The defendants have used the lockdown and mounting financial problems to fool people. ”

Deputy Police Inspector Bhushan Pawar of the APMC Police Station said the defendants were historians and there were several cases filed against them. They were arrested earlier for crimes committed in Vartak Nagar in 2018 and Naupada in 2019. They were recently released on bail and have started swindling people again.

13 lakh cheating cases

Mr Pawar said: “The cars we seized were used cars bought a year ago with swindled money. We set a trap by using a lure client who needed a loan and we shut him down. After their pre-trial detention with Sanpada police is over, Nerul police will request their custody in a 13 lakh cheating case filed at the police station.

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