The chairman of Jawhar Urban Cooperative Bank, Habib Ahmed Shaikh, has been arrested by Mokhada police for making fake letterheads of Palghar MP Rajendra Gavit and forging his signature to fraudulently get the approval for road development projects worth Rs 10 crore.

“The matter came to light after I learnt that a lot of funds had been invested for repairing Jawhar Mokhada Vihigaon state highway number 78 despite me not sending any letter in this regard to Mantralaya. I was shocked to learn that a fraudster had made fake letterheads in my name and also forged my signature to fraudulently get a sanction of Rs 10 crore from the PWD office for the repair work at 10 different locations along the state highway,” Gavit told mid-day.