NEWS & ADVICE : PERSONAL LOAN
Bank of India branch cheated by rogue businessmen
By Vaibhav Aggarwal
Dec 23, 2010
Print    Email    RSS   

Public sector lender, Bank of India's RT nagar branch has been duped by two businessmen in a fake loan case. The rogues submitted forged documents to avail a loan worth Rs 23 lakhs.

The forgery came into the eyes of the bank when they went to check the address of the client and found it to be a fake one. On further scrutiny they found that the documents given to them were also false, said CB Hugar, the bank's senior branch manager in RT Nagar.

Hugar informed that Indira Electronics and Dhanalakshmi Rice Traders, situated in Sahakar Nagar, received a business loan by producing documents of a house in Uttarahalli worth Rs. 46.26 lakh.

After the loan got sanctioned, the borrowers stopped paying EMIs even after several reminders had been sent by the bank.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Personal loans in India: Features and...
Do rising NPAs reflect an ailing banking...
Gold based financing; 'loan to buy gold...
Managing and emerging out of institutional...
Which is better: personal loan or gold loan?


HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive