8 months ago
Three sentenced in 16-year-old bank loan fraud case
Three people were found guilty in a court in Ahmedabad for a fraud that happened a long time ago.
They tricked a bank into giving them a loan for a house by showing fake papers.
The main person, Jayesh Prajapati, ran away and was never caught.
The other three people were sentenced to three years in jail and had to pay a fine.
The bank lost a lot of money because of this fraud.
The court case started a long time ago, in 2009, and the charges were officially filed in 2010.
The bank, Vijaya Bank, gave them a loan of Rs 4.78 lakh, but they used fake information to get it.
Three individuals were sentenced to three years in jail for a 16-year-old bank loan fraud case.
The main accused, Jayesh Prajapati, remained absconding and was never arrested.
The court imposed a Rs 50,000 fine on each of the convicted individuals.
The fraud involved obtaining a Rs 4.78 lakh housing loan through forged documents.
The bank suffered a wrongful loss of Rs 7,85,109, including unpaid installments and interest.
- Who
- Jayesh Prajapati, Balmukund Mithailal Dubey, Dharmesh Dhairya, Alpesh Ashwinbhai Thakkar
- What
- Fraudulently obtained a housing loan through forged documents
- Where
- Ahmedabad, India
- When
- Case registered on December 15, 2009; chargesheet filed on December 31, 2010; sentenced on December 31 (year not specified)
- Why
- To obtain a housing loan based on false and forged details
Key facts
- Accused
- Jayesh Prajapati, Balmukund Mithailal Dubey, Dharmesh Dhairya, Alpesh Ashwinbhai Thakkar
- Bank Involved
- Vijaya Bank
- Loan Amount
- Rs 4.78 lakh
- Fine Imposed
- Rs 50,000 each
- Sentence
- Three years imprisonment
- Case Registration Date
- December 15, 2009
- Chargesheet Filed
- December 31, 2010
- Bank's Loss
- Rs 7,85,109
Quotes
Harsh Indora
Deputy Commissioner of Police (Crime Branch)
“During the investigation, it was found that the accused submitted forged government employee identity cards and fake salary documents while applying for loans.”
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“They falsely claimed to be senior audit officers at the office of the Principal Director of Commercial Audit in the CAG Building on Bahadur Shah Zafar Marg.”
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