The Mangalore East Police have arrested a fraudster and his accomplice who had cheated several nationalised banks and other gullible persons.
On 08/12/2005 the Manager of Corporation Bank City Hospital Branch lodged complaint with Mangalore East Police Station against one B.N.Ravindra who had taken a loan of Rs.15 lakhs for the purchase of a flat in an apartment at Bendoowell. It was alleged that when the said person failed to repay the loan taken, the bank authorities initiated procedure to recover the said amount by aquiring the flat purchased that was pledged to them. However when the bank authorities went to take possession of the flat, they came to know that the property has already been taken over by the Canara Bank for failure of loan repayment by the same person taken from them. Thus it was alleged that he has cheated the Bank by taking the loan on false/forged records and failed to repay the same therey by committing cheatng and forgery. Accordingly a case in Mangalore East PS was taken up against B.N. Ravindra and others under sections 420, 468 and 471 IPC.
Mr. Basheer Ahmed PI Mangalore East PS and staff immediately swung into action and succeeded in apprehending the said B.N Ravinda 36 yrs S/o B.Nagesh R/o Dongarakeri cross road Mangalore city on 12-12-2005. The thorough interrigation of the accused revealed the folowing facts;
B.N.Ravindra a civil engineer by profession had worked as consulting engineer for some time in Mangalore city. Later as he wanted to expanded his profession, was in need of large sum of money. He hit upon the idea of procuring large sums of money from various banks by pledging a flat that was in the name of Oswald Noronha. He first approached Allahabad bank in the year 2003 for a loan of Rs.8.9 lakhs. On sanction he purchased the flat and then got a power of attorney made in the name of one Ramkumar who was working with him. He also created bogus records relevant for the house sale like Title deed, Partition deed...etc and then approached the other banks for loan viz Vijaya Bank (Rs.14.5 lakhs), Lord Krishna Bank (Rs.12 lakhs), Canara Bank (Rs.15 lakhs) as well as Corporation Bank (Rs.15 lakhs). After every transaction, the GPA and the other records would be redone and used in the other bank. In the process he collected about Rs. 65 lakhs from these four banks and when the repayment time came, he quitely evaded.
Further investigation has also revealed that he has leased the same flat to a retired NMPT employee for Rs.6.25 lakhs. Now that the Canara Bank has aquired the flat, this retired employee has also lost his money.
Police suspect that the accused might have taken loans from other banks as well for various other purposes and defaulted. Investigation in this regard is under progress. Both the accused have been produced before the court and remanded to judicial custody.
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