Daijiworld Media Network - Mangaluru (MS)
Mangaluru, Jan 6: A case is registered in the Padubidri police station near here on Abdul Khader, a resident of Nadsalu village of Padubidri and Abdul Salam and Mohammed Sadiq, residents of Suratkal, the guarantors for the loan of cheating Mahalaxmi co-operative bank of Ucchila to the tune of Rs 3,60,808, by providing fake quotation in the name of Vishram Motors.
Abdul Khader who was the customer of the Ucchila branch of Mahalxmi co-operative bank had applied for a loan of Rs 3,60,808 on December 21, 2018. He had paid an amount of Rs 90,000 as advance to the branch. Abdul Salam and Mohammed Sadiq were the guarantors for the loan. The accused have taken a loan of Rs 2,70,000 from the bank and cheated as per the complaint filed.
The accused had encashed their cheque in the account of Vishram Motors in the Kulshekhar branch of Syndicate Bank. Later when the bank representatives went to Vishram Motors to collect the Form 20, vehicle key, receipt and insurance papers, the company said that they have not given any quotation to the said people.
The bank officials got suspicious after they read a news of similar style of fraud in another bank and checked the files of the accused.
Padubidri police are conducting further investigation.