A homebuyer recently lodged a police complaint against a reputable bank, after its scrutiny report failed to find multiple registrations for a flat in an under-construction building in Mira Road, and disbursed loans for it. The complainant, Rajendra Chawathe, 61, has alleged that Bank of Maharashtra's (BOM) misguiding title search report regarding the flat, which was finalised, has landed him in trouble. Chawathe, interestingly, a retired employee of BOM, approached police after there was no action by the bank.

The issue
In 2016, Rajendra Chawathe and his son Parag, finalised the purchase of a 1 BHK flat for R36.80 lakh at Mira Road's Sai Aakruti Empire building. Chawathe had taken a loan of R25 lakh from BOM's Dadar branch, and paid the rest via cheque and cash. Sai Aakruti Empire building is a project by the tainted Sai Ninad Enterprises. The builder, Amit Palshetkar, and his partners are facing various police cases for fraud and cheating against them. mid-day in its reports has highlighted (August 16, 2017 and May 21, 2018) this.