Pune Trader and Wife Charged with Cheating Bank of ₹90 Lakh
A case was registered by the Samarth police against a trader and his wife for allegedly selling a mortgaged flat without informing the bank. The trader had taken a loan of ₹4 crore from the bank under the small agriculture business finance scheme in 2021, mortgaging four properties, including two flats. His wife was the guarantor for the loan. The bank declared the loan account as a non-performing asset (NPA) in 2024 after the trader stopped paying interest from December 2023. An investigation revealed that the trader had sold one of the mortgaged flats for ₹90 lakh in September 2023 without informing the bank.
Key Takeaways:
- The trader had taken a loan of ₹4 crore from the bank in 2021 under the small agriculture business finance scheme, mortgaging four properties, including two flats.
- The wife of the trader was the guarantor for the loan.
- The trader stopped paying interest on the loan from December 2023.
- The bank declared the loan account as a non-performing asset (NPA) in 2024.
- The investigation revealed that the trader had sold one of the mortgaged flats for ₹90 lakh in September 2023 without informing the bank.
- The bank lodged a complaint against the trader and his wife after they failed to respond to a notice.
- The Samarth police registered a case against the duo under sections 316 (criminal breach of trust) and 318 (cheating) of the Bharatiya Nyaya Sanhita (BNS).
Statistics:
- Loan amount: ₹4 crore
- Interest payment stoppage: December 2023
- Loan account declaration as NPA: 2024
- Sale price of mortgaged flat: ₹90 lakh
- Date of flat sale: September 2023
Sources:
- Times of India online article, "Pune: Trader, wife booked for cheating bank of ₹90 lakh" (no date mentioned)