Pune | Saraswat Bank chairman Gautam Thakur, seven others booked for cheating bank of Rs 2.5 crore

by Team Deccan Express
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Pune : deccan expressEight persons, including the Saraswat Co-op Bank chairman, managing director, zonal managers, have been booked by the Kothrud police for hatching a conspiracy and opening a fake account in their own bank. They tried to show it as a loan account. Later, they declared it as an NPA and tried to grab the bank’s property.


Moreover, they cheated the bank by misusing security cheques amounting to Rs 2.5 crore. The offence has been registered on the directive of a court. The court ordered to file an offence under section 156 (3) of the CrPC.


The accused have been identified as bank chairman Gautam Eknath Thakur, a resident of Mumbai, MD Smita Sandhane, recovery officer Anand Chalke, zonal manager Pallavi Sali, a resident of Chinchwad, branch manager Abhishek Bhagat, a resident of Vishrantwadi, zonal manager Ratnakar Prabhakar, a resident of Erandwane, and others.


Smita Samir Patil, a resident of Kothrud, has lodged a complaint in this regard. The incident took place between August 23, 2018 and January 10, 2020.


According to the police, the complainant’s company has a term loan account in Saraswat Bank. However, the bank chairman, MD and others opened a fake loan account in her company’s name without the consent of her company. They tried to show it as the company account. A one-time settlement proposal of Rs 13 crore was submitted to the company’s former and current directors and guarantors on August 23, 2018.


The company had deposited six security non-dated cheques with the bank. The accused deposited Rs 1.5 crore using one of these cheques and two more cheques issued in favour of the bank’s authorised account for Rs 1 crore in the fake account created in the name of the company. The accused used this money for their personal financial gains. Thus, they cheated the complainant’s company of Rs 2.5 crore.


The bank officials failed to carry out their professional duties as bankers. Moreover, they misused the security cheques given by the company. Though the complainant’s firm was repaying the loan regularly, the accused showed that it was not. Then they declared the company’s loan account as an NPA. They knowingly tried to grab the properties of the complainant company’s former and current directors and guarantors. Hence, an offence has been registered against them.


The court has ordered the Kothrud police to book the accused under section 156 (3) of CrPC and investigate the case. Senior PI Mahendra Jagtap is investigating the case.


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