Archive · 20 May 2025
Man Booked for Fraudulently Obtaining a Rs 59.72 Lakh Loan
Imagine someone named Sachin took a big loan from a bank to buy a house.
To get the loan, he promised the bank he didn't have any other loans on the property.
But that wasn't true!
He already had a loan from another place using the same property as collateral.
The bank found out when Sachin asked for more money later.
Now, Sachin is in trouble for not being honest about his loans.
Sachin Jataniya is accused of financial fraud.
He allegedly submitted a false affidavit to SBI to secure a home loan.
The loan was worth Rs 59.72 lakh.
Jataniya declared he had no other loans against his property.
He had previously taken a Rs 32 lakh loan from another financial institution.
- Who
- Sachin Jataniya and Kanaksinh Zala (assistant general manager at SBI, the complainant).
- What
- Sachin Jataniya is accused of cheating SBI by providing a false affidavit to secure a home loan.
- When
- The fraud was discovered in 2021 during the due diligence process for a top-up loan.
- Where
- Rajkot, India.
- Why
- Jataniya allegedly failed to repay the loan and had an existing loan on the same property, violating the terms of the SBI loan.
- Accused
- Sachin Jataniya
- Loan Amount
- Rs 59.72 lakh
- Bank Involved
- State Bank of India (SBI)
- Reason for Offense
- False affidavit
- Police Station
- Rajkot A Division Police Station
- Type of Loan
- Home loan