Rs.26 lakh Bank Fraud in Mumbai

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In a shocking turn of events, six individuals have found themselves in hot water after allegedly deceiving a private bank’s BKC branch in Mumbai. These cunning individuals managed to secure loans totaling a whopping Rs 26 lakh by submitting fake documents online. What’s more astonishing is that they even underwent a video KYC scrutiny to further deceive the bank. Some of them went as far as opening accounts using bogus documents. To make matters worse, none of the accused have made any effort to repay their loans.

The bank’s regional manager and vice president (Risk Containment Unit) wasted no time in filing an FIR against the alleged fraudsters. The investigation was launched on March 20th, when the manager received information about multiple personal loan applications. Upon inspecting the details, he noticed several irregularities that prompted him to dig deeper.

During the investigation, it was discovered that the documents provided by the accused differed from those held by the Income Tax (I-T) department. The PAN cards linked to their Aadhaar cards were mismatched. While the names matched the I-T records, the addresses and photographs varied, leading to suspicions of foul play. To add insult to injury, it was later revealed that the PAN cards submitted were nothing more than clever forgeries.

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The individuals involved in this elaborate scheme have been identified as Amit Kumar Sharma, who managed to secure a loan of Rs 4.59 lakh, Abhishek Agarwal with the same amount, Ramesh Kumar with Rs 2.5 lakh, Varun Sharma with Rs 5 lakh, Vivek Singh with Rs 5 lakh, and Darshan Singh with Rs 5 lakh. In a stunning display of audacity, the last three even went on to open saving accounts using the same fraudulent documents.

To bring justice to these cunning criminals, a case has been registered against them under sections 419 (cheating by personation), 420 (cheating), and 465 (forgery) of the Indian Penal Code. Additionally, they will face the relevant provisions of the Information Technology Act. The law will not take this heinous act of deception lightly, and the accused will soon face the consequences of their actions.

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