GURUGRAM: Police have booked a couple for allegedly deceiving a private bank into fabricating their account statements with the bank to secure a home loan of Rs 2.5 crore. They didn’t even register the apartment they took out the loan for, police said.
During an internal investigation, the bank discovered that it had no record of the transactions on the account statement submitted by the couple and that it was fake. After a complaint was filed by the director of the Serious Fraud Investigation Office (SFIO) of the Ministry of Corporate Affairs, the police have now arrested Amit Tyagi and his wife Prinyanga Tyagi.
According to the police, the couple was sanctioned with the loan from the Manesar branch of a private bank in April 2019 for the purchase of a residential apartment. The loan was sanctioned under a substitution program based on the couple’s average balance maintained in their bank account between April 2018 and March 2019, but the couple allegedly forged this document.
In November 2020, the branch manager received an email from another person who stated that the account statement submitted by the couple may not be genuine. “During an investigation, we discovered that the party, with a bad faith intention to obtain loan eligibility, which was sanctioned under the substitution program, had submitted a false account statement and fabricated, with false transactions,” the bank said in its complaint.
With the property registration incomplete, the bank, officials said, could also not begin to collect the loaned money in monthly installments.
The bank alerted the Reserve Bank of India (RBI) to the fraud and a case was registered at IMT Manesar Police Station under IPC Sections 420 (Cheating), 468 (Falsification of Document), 471 (Use of False Document ) and 120B (criminal association). ).
During an internal investigation, the bank discovered that it had no record of the transactions on the account statement submitted by the couple and that it was fake. After a complaint was filed by the director of the Serious Fraud Investigation Office (SFIO) of the Ministry of Corporate Affairs, the police have now arrested Amit Tyagi and his wife Prinyanga Tyagi.
According to the police, the couple was sanctioned with the loan from the Manesar branch of a private bank in April 2019 for the purchase of a residential apartment. The loan was sanctioned under a substitution program based on the couple’s average balance maintained in their bank account between April 2018 and March 2019, but the couple allegedly forged this document.
In November 2020, the branch manager received an email from another person who stated that the account statement submitted by the couple may not be genuine. “During an investigation, we discovered that the party, with a bad faith intention to obtain loan eligibility, which was sanctioned under the substitution program, had submitted a false account statement and fabricated, with false transactions,” the bank said in its complaint.
With the property registration incomplete, the bank, officials said, could also not begin to collect the loaned money in monthly installments.
The bank alerted the Reserve Bank of India (RBI) to the fraud and a case was registered at IMT Manesar Police Station under IPC Sections 420 (Cheating), 468 (Falsification of Document), 471 (Use of False Document ) and 120B (criminal association). ).
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