A senior manager of an insurance branch attached to a multinational bank has been booked for allegedly obtaining loans in the names of newly joined subordinates. The accused manager has been identified as Suraj Khedkar.

The incident occurred when recovery agents from various banks and private finance companies began demanding repayment from these employees. When employees questioned Khedkar, he allegedly accepted to have taken the loan in their names, citing personal problems. He assured them he would reimburse them with the EMIs. However, after paying a few EMIs, he left the job and absconded without paying the remaining loan amount.