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Bank employees misuse documents to siphon Rs 30 lakh in Pune

Saturday, 5 July 2014 - 8:36am IST | Place: Pune | Agency: dna

Pune: Two well educated youths have been arrested by Mundhwa police, who under the pretext of collecting documents for housing loans and credit cards, misused such documents and used the cards for purchasing branded clothes and living in luxury hotels. Police claims that they have duped many citizens to the tune of Rs30 lakh.
The arrested persons have been identified as Chandrashekar Gaikwad (29) and his friend Bhairavnath Salunke (26), both residents of Mundhwa. The incident came to light, when a techie Chintan Shah (42), a resident of Magarpatta city, lodged a complaint with Mundhwa police station in June.
Assistant commissioner of police (Zone IV) Rajan Bhogle said, “Arrested persons are post graduates and former employees of a bank which collect documents from citizens for home loans. Currently both of them were working in an event management company. They were zeroed down due to CCTV cameras in hotels and shops. We have received some more complaints of credit card cheating which go upto Rs30 lakh and after interrogation the picture will be clear. The credits cards had fake names but the address on it was of complainants.”
He added, “Such cards use to be delivered by a courier company. They lured the courier boys by giving them extra cash to deliver those cards in a nearby area.”
J S Pathan, Inspector in-charge of Mundhwa police station said, “ In Shah’s case they claimed that he had given documents for a credit card but later refused to take it. In October 2013, he claims that he had planned to take a loan for which he had submitted documents and those documents were misused. Shah on June 6, received a bank statement of a credit card he did not own with the shopping value of Rs5.50 lakh. He approached the bank and gained no response from them and then he approached us. During the investigation, we visited the areas where the card was swiped.”

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