Bank official held for getting loans passed using forged documents

A Sales representative working for the private bank has been arrested for allegedly forging documents to provide car loans to customers.

Written by Express News Service | New Delhi | Published:April 2, 2012 2:38 am

A Sales representative working for the private bank has been arrested for allegedly forging documents to provide car loans to customers. Naveen Shah was apprehended near Mehrauli Bus Terminal after police received information that an i10 car,bought with loan obtained by forging documents,would be passing through.

On being asked to produce the documents of the car,Shah said the vehicle was registered in the name of his wife Momita Shah and produced a photocopy of an RC wherein Momita Shah’s husband’s name was mentioned as “Sunil Vats”. On being questioned by police,Shah said he had obtained the loan from the private bank with the help of forged documents and bought the car in his wife’s name. Based on his confession a case been registered at the Mehrauli police station.

According to Additional DCP (South) P S Kushwah,“ Naveen Shah,a resident of Chhatarpur extension,used to the persons who were in need of car loans but were unable to get it in the absence of documents such as address proof,ITR,etc. Shah would forge the missing documents for such people and then get loans passed by the bank.”

Shah used the to documents file an application in the bank on behalf of the persons who approached him for the loan,police said. According to police,he used to pocket Rs 10,000 from applicants after getting the loan was sanctioned.

Naveen allegedly told police that verifying agencies of banks do not “generally” verify income tax returns and bank statements and only the address and the physical presence of the applicant at the address were verified.

Three i10 Cars,a laptop,HP printer-cum-scanner,have been recovered from Shah’s house. Three PAN cards and six driving licences having Shah’s photographs with different names and addresses were also recovered.

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