Kanpur Bank Loan Fraud: A shocking fraud case has emerged at the Bank of India’s Meston Road Branch in Kanpur, where a businessman obtained a ₹30 lakh loan using a property as collateral. The property’s owner had actually died in 2012, yet an impostor continued to sign bank documents for loan renewals on his behalf for several years.
Kanpur Bank Loan Fraud: How Faud happened in Bank of India
- The Loan Scheme: The businessman, Meharuddin, took a loan of ₹30 lakh (Cash Credit) from the Bank of India in 2013. He did this in the name of his firm, M/s Heena Traders, and provided a property as collateral. However, this property legally belonged to Ram Chandra Gupta, a man who had passed away in 2012.
- Falsifying the Deceased’s Identity: To mislead the bank, Meharuddin allegedly used Gupta’s identity. Another person posed as Gupta, visiting the bank to sign documents as if he were the actual property owner. This deception continued, even when documents needed renewal.
- Discovery of the Fraud: In 2022, when the loan became overdue and marked as a non-performing asset (NPA), the bank conducted a routine internal investigation. This led to the discovery that Gupta, the supposed loan guarantor, had actually died in 2012. They found his death certificate from May 12, 2012, proving the falsification.
- More Red Flags: As the investigation continued, it was found that the property used for collateral had been transferred (freehold) to Gupta’s heirs. This indicated that the businessman’s claim of ownership over the property was invalid, and that all documents supporting the loan were fake.
- Legal Action: Initially, the bank’s branch manager, Rajat Duggal, filed a complaint with the local police, but when no action was taken, he sought help from the court. The court ordered the police to investigate the matter, and an FIR was officially registered.
This case illustrates the lengths to which the businessman allegedly went to create a convincing facade and obtain a loan under false pretenses, using a deceased person’s identity and property. The authorities are now investigating the incident further, with potential legal consequences for Meharuddin and his firm.
