Based on a complaint lodged by an official of the bank's branch in Kalyan town, the police on Monday registered a case under sections 406 (criminal breach of trust), 420 (cheating) and other relevant provisions of the IPC, an official from Khadakpada police station said
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An offence has been registered against 33 people for allegedly cheating a cooperative bank of more than Rs 6.3 crore by submitting fabricated documents for procuring home loans in Maharashtra's Thane district, police said on Tuesday.
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Based on a complaint lodged by an official of the bank's branch in Kalyan town, the police on Monday registered a case under sections 406 (criminal breach of trust), 420 (cheating) and other relevant provisions of the IPC, an official from Khadakpada police station in Thane said.
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The crime had allegedly been committed since 2021 by 26 home buyers, four builders, a real estate consultant, a housing loan consultant and a valuer of flats, he said.
The real estate consultant had allegedly facilitated fake documents for home loans, while builders inflated the cost of the resale flats, the official said.
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