02 May,2009 03:14 PM IST | | PTI
City police have arrested a couple and their aide for allegedly cheating several banks to the tune of Rs 60 lakh for the last three years. The accused couple identified as Ramesh Jogani (45) and wife Manju (40), residents of Tardeo in south Mumbai, were held recently along with their associate Avinsh Kulkarni, who helped them getting forged documents.
The culprits used to take loan and accuse the loan recovery agents of harassing them for repayments, police said adding that subsequently they stop paying installments to the banks, police said.
"Jogani, posing as a chief executive officer of J J Paper Industry, has obtained loan Rs 4.66 lakh from Kotak Mahindra Bank. He had an office in Sion when he took loan," police said.
"He had come to Tardeo police station to register complaint against a recovery agent saying that the agent was harassing him," police said.
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"We took notice of the complaint and started inquiring when we found that Jogani was not working with J J Paper Industry," police said.
"When we grilled him, it was learnt that he had cheated several other banks as well by adopting similar modus operandi," they added.
"Investigation so far suggested that he had cheated ICICI Bank, Vysya Bank and others to the tune of Rs 60 lakh," police said. Later, two more have been arrested in the case and further investigation is on to establish if they cheated some more banks.
