11 March,2010 10:06 AM IST | | Manjunath L Hanji
Vishal B G, manager of Sriram Transport & Finance Company's Marathalli branch, has filed a cheating case against Jagadish, a resident of Jaya Chamarajendra Nagar. Customers discuss vehicle finance with sales personnel at a showroom in Bangalore.
According to Vishal, Jagadish has procured a loan of Rs 6,81,700 from his institution in July 2009 to buy an Innova car. However, he just paid Rs 65,000 and then stopped making any payments towards the loan.
Faking it
When the company officials approached him for payments, Jagadish turned hostile and produced some forged documents of Sriram Transport and Finance with sign and seal of the company officials.
The documents stated that he has cleared the dues. Moreover, the accused also submitted the forged documents at the central RTO office claiming that he doesn't owe any money to the institution.
Complaint filed
Vishal said, "We have filed a complaint with the Mahalaxmi Layout police station. Besides, we have also seized the vehicle.
u00a0
Jagadish not only delayed the installment but also forged the documents. He still owes us around Rs 6.80 lakh and we'll only return the vehicle after the pays the balance amount."
Confirming the report, cops from the police station said that Jagadish used to give out the car on rent. A case has been registered against him under Sections 420, 468, 471 of the IPC.
