Archive · 6 Jan 2026
Tejwani Arrested in Multi-Crore Bank Fraud
Shital Tejwani, who was already in trouble for a land deal, has now been arrested for another problem.
She took loans from a bank for buying cars and expanding her business, but she didn't use the money for those things.
Instead, she used it for other purposes and didn't pay back the bank.
The total money she owes, including interest, is now Rs 20.49 crore.
The police found out that she even made a fake document for a car she bought.
This is part of a bigger problem at the bank where many people have not paid back their loans.
The bank has been under investigation for a long time, and the police are still looking into what happened.
Shital Tejwani, accused in the Mundhwa land deal, arrested for loan default and fraud.
Allegedly diverted Rs 7.25 crore in loans for unauthorized purposes, including purchasing a used Lamborghini.
Total outstanding dues, including interest, amount to Rs 20.49 crore.
Case involves Seva Vikas Cooperative Bank with Rs 238 crore in non-performing assets.
Tejwani allegedly created a fake registration certificate for a Lamborghini and misused business loans.
- Who
- Shital Tejwani, accused in the Mundhwa land deal case
- What
- Arrested for loan default and fraud involving Seva Vikas Cooperative Bank
- When
- January 3
- Where
- Pune, Maharashtra
- Why
- Allegedly defaulted on loans and diverted funds for unauthorized purposes
Accusations
Defense
Loan Diversion
Accusations
Allegedly diverted Rs 7.25 crore in loans for unauthorized purposes, including purchasing a used Lamborghini and transferring funds to Rosary Global School.
Defense
No defense statement provided in the articles.
Business Loan Misuse
Accusations
Allegedly took a business loan for her company but transferred it to an accused's account instead of scaling her business.
Defense
No defense statement provided in the articles.
Fake Registration
Accusations
Allegedly created a fake registration certificate for a Lamborghini.
Defense
No defense statement provided in the articles.
- Accused
- Shital Tejwani
- Loan Default Amount
- Rs 7.25 crore
- Total Outstanding Dues
- Rs 20.49 crore
- Bank Involved
- Seva Vikas Cooperative Bank
- Location
- Pune, Maharashtra
- Arrest Date
- January 3
- Custody Duration
- Until January 6
- Co-Accused
- Vinay Arhana, Sagar Suryawanshi, Manish Zende
- Bank Branches
- 25 branches
- Bank Depositors
- Around one lakh
