Two arrested for cheating bank of Rs 2 crore

  • Sagar Rajput, Hindustan Times, Mumbai
  • Updated: Aug 09, 2016 15:41 IST

With the arrest of two people, the Dadar police claims to have busted a gang that would cheat banks on the pretext of taking loans against heavy deposits. Recently, the Dadar police station registered a case filed by a corporation bank, which alleged it had been duped of Rs2 crore after the duo allegedly took loans on the security guard board’s fixed deposit accounts.

The police said the two have swindled several other banks in the city and many police stations were looking for the accused.

According to the police, the mastermind, Sailendra Harendra Sinha, 43, was arrested from Delhi, while his accomplice Jitesh Shreenivas Pattathari was arrested from his Kharghar residence.

The two accused applied for a loan from the corporation bank on behalf of the security guard board against aheavy deposit of Rs3 crore and made two people represent them in the bank.

Assistant police inspector Deepali Kulkarni from Dadar police station said, “Sinha, who has experience in the loan department, applied for a Rs2 crore loan against Rs3 crore deposit of security guard board’s employee’s fixed deposit account. The two accused applied for loan in March 2014, following which the loan was sanctioned by March 24, 2014.”

To get the loan sanctioned, the two accused had even showed a fake authority letter of the security guard board.

“The cheating came to light during auditing, after which an application was filed om the Dadar police station on June 2015. After preliminary investigation, we decided to take cognisance of the matter and registered a case on February 2, 2016,” said Kulkarni.

The police got their first clue while investigating the employees of the bank and they learnt that the two accused were frequent visitors in March 2014.

“Through CDR locations, we came to know that the accused Sinha has been hiding out in Delhi with a different name Pawan Suxena, following which a trap was laid and he was arrested. In his statement Sinha revealed the role of Pathathari, who was nabbed from Kharghar later,” said Kulkarni.

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