Mangaluru: Fraud of availing multiple loans on trucks worth lacs busted


Daijiworld Media Network - Mangaluru (JS)

Mangaluru, Nov 29: “A gang that availed multiple loans using forged documents to the tune of more than crore rupees has been busted by the Barke police,” informed city police commissioner Chandra Sekhar.

Addressing the media persons here at commissioner’s office on Tuesday November 29, Chandra Sekhar said “When Barke police were inspecting the vehicles near a warehouse today early morning, they found a chassis tampering equipment in a truck. The police, who grew suspicious about the persons in that vehicle bearing number KA 19 AB 6078, took them to the police station. Upon interrogation it was revealed that it was a racket which used to tamper the chassis and engine numbers and then get fake documents from the RTO. Later loans were taken from different banks.”

“Persons namely Anil Kiran Noronha, Sudhir, Abdul Jabbar, Melvyn Noronha and  Valerian D'Souza have been arrested relating to the case. Four trucks have also been seized. The current loan on these 4 four trucks is approximately Rs 93 lacs while the estimated cost of vehicles is Rs 80 lacs. It is believed that the fraud is worth more than crore rupees.” he added.

“The second loan with fake documents has been taken from Milagres credit cooperative limited, Hampanakatta branch. On the outset it looks like know your customer (KYC) norms have not been strictly followed. Further investigation will be carried on by a team headed by inspector Rajesh. We will take cooperation from the banks in solving this case. The police officials who have cracked the case will be rewarded with Rs 10,000 and appreciation letter.”

ACP Uday Nayak and others were present at the press meet.

 

  

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Title: Mangaluru: Fraud of availing multiple loans on trucks worth lacs busted



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