Two arrested for duping private bank of Rs3 crore

The VB Nagar police have arrested two people for allegedly duping a leading private bank of Rs3 crore. The duo was arrested around 15 days ago, according to a police officer.

The accused duo, identified as Manoj Kumar Ramshankar Pande (47) and Mujahin Rizwan Ahmed Khan (57), had planned and duped Kurla Nagrik Sahakari Bank (KNS bank) located in Kurla. According to the police, Manoj bought a property in Meera Road from Munawar Bhagat and made a part payment to register. He then duplicated the documents and forged details stating that a full payment had been made. Manoj then used these documents to get a bank loan of Rs3 crore, which, after the disgraceful verification of the documents by the bank, got passed.

"Manoj then transferred the sum to his guarantor and partner-in-crime Mujahin Rizwan Ahmed Khan under the alias Naveen Kumar Rajkumar's account. The duo then transacted some of the money and transferred some of it to other accounts," said investigation officer Dilip Mane.

Later, KNS bank's loan collector team was alerted and they started looking for Manoj. They found him in Powai and took him to Powai police station, from where he was transferred to VB Nagar police station.

"The duo has done this several times before and, under the current investigation, the police are demystifying the facts of this case. The duo has been charged with fraud, cheating, forgery and conspiracy. They have been arrested and are currently in judicial custody." added Mane.