Archive · 1 Feb 2026
Mumbai Family Booked for ₹2.70 Crore Home Loan Fraud
A family in Mumbai is in trouble for cheating a bank.
They sold an apartment to get a big loan, but the apartment was already promised to another bank as security.
The bank found out and reported them to the police.
The family and the people who bought the apartment are being investigated.
The bank lost a lot of money because of this trick.
The police are looking into the case to find out what really happened.
Mumbai police registered a case against a family for cheating IDBI Bank of ₹2.70 crore by selling a mortgaged apartment.
The apartment was already mortgaged to DHFL (now Piramal Finance) in 2011 and later sold by JM Financial in 2025.
The loan was sanctioned on February 13, 2024, based on falsified property documents.
Defaults in loan payments began in May 2024, leading to the discovery of the earlier mortgage.
The case was registered under Sections 318(4) and 3(5) of the Bharatiya Nyaya Sanhita (BNS) Act.
- Who
- Jagannath Jadhav, Kamal Jadhav, Rajendra Jadhav, Vijay Raja Hinduja, Payal Raja Hinduja, IDBI Bank
- What
- Cheating IDBI Bank by selling a mortgaged apartment for a home loan
- When
- Loan sanctioned on February 13, 2024; case registered in January 2025
- Where
- Parsik Hill Road, Belapur, Navi Mumbai
- Why
- To obtain a home loan by misrepresenting property ownership and mortgage status
- Amount Cheated
- ₹2.70 crore
- Bank Involved
- IDBI Bank
- Property Location
- Parsik Hill Road, Belapur, Navi Mumbai
- Accused Individuals
- Jagannath Jadhav, Kamal Jadhav, Rajendra Jadhav
- Loan Sanction Date
- February 13, 2024
- Case Registered At
- Govandi Police Station
- Legal Sections
- 318(4) and 3(5) of the Bharatiya Nyaya Sanhita (BNS) Act
