MUMBAI: Three of four people who used forged flat ownership documents to procure loans from four different banks, and then defaulted on those loans, were arrested by the LT Marg police on Thursday. The fourth and main accused, Janhavi Deshmukh, is on the run. Kailash Gupta alias Krushna (38), Dattaraj Kubal (29), Harish Waghmare (45), and Deshmukh have been booked for cheating, forgery, breach of trust and criminal conspiracy. They are accused of cheating Bank of Baroda (BoB), Federal Bank, State Bank of India (SBI) and Bank of Maharashtra. According to the complaint filed by BoB, Deshmukh approached them in January 2018 through a direct selling agent, Pramod Jagirdar. She said she had bought a flat in Shah Royal building, in Sector 2, Kharghar, from its previous owner, Kalyani Shende, and she wanted a home loan against the same. “Janhavi provided the flat’s sale deed and registered documents between her and Shende. The bank then sanctioned a home loan and issued a cheque of Rs 1.41 crore in Shende’s name. Deshmukh deposited the cheque into an ICICI bank account that was in Shende’s name. She paid EMI for few months and then defaulted. When the bank started an inquiry, they found she had taken home loans from three other banks by submitting the same set of documents.” said an officer. Deshmukh procured a loan of Rs 1.85 crore from Federal Bank’s branch in Ghatkopar, with the documents that included a fake NOC from Shah Royal society. Kalyani Shende’s husband Kuldeep Shende told the police the flat had been jointly owned by him and his wife, and they sold it to Deshmukh in 2017 for Rs 2.10 crore. Shende said when the Economic Offences Wing of the Navi Mumbai police called him regarding the sale of the flat, he learnt they were probing a cheating case filed against Deshmukh by the State Bank of India. The couple also learnt that Deshmukh had opened an account in ICICI Bank in their name and siphoned off Rs 1.41 crore that BoB had loaned to her. She opened another account in their name in Union Bank of India, where she deposited the SBI loan amount. “Gupta, Kubal and Waghmare helped Deshmukh forge documents and dupe the banks. Gupta was arrested in a cheating and forgery case last year,” said an officer.
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