– Rabodi Police File Case Against Former Senior Official Of Co-operative Bank
– Flat Buyers Of Duping Over 7 Years.
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In a shocking turn of events, the Thane police have filed a case against three individuals, including a prominent developer and former senior officials of a co-operative bank in Maharashtra’s Thane city. The accused are alleged to have defrauded 18 victims to the tune of over Rs 4 crore under the guise of providing them with residential flats.
The Accused
The three accused have been identified as Santosh Baburao Waghmare, also known as Tigerbhai, who is the owner and partner of multiple construction companies. The other two accused are Vinayak Digambar Wakankar, a former assistant general manager of the co-operative bank, and Jagdish Bhale, who held the position of a senior clerk in the same bank.
Modus Operandi Revealed
According to the complaint lodged with the authorities, Waghmare lured the victims by promising them flats in his ongoing projects and collected substantial amounts of money from them. Subsequently, with the assistance of his accomplices, the accused managed to secure loans from the bank by forging the victims’ signatures, ultimately perpetrating a fraud amounting to Rs 4,10,91,273.
Once the bank sanctioned the loans, the funds were transferred to the accounts of Waghmare’s companies without the knowledge of the defrauded individuals. As the promised flats failed to materialise, the victims became aware of the deception and decided to seek legal recourse. One of the victims approached the police and filed a formal complaint, leading to the initiation of the investigation.
Legal Action Taken
Following the filing of the complaint, the Rabodi police registered a case on Thursday under various sections of the Indian Penal Code, including 420 (cheating and dishonestly inducing delivery of property), 465, 467, and 468 (related to forgery), as well as 120B (criminal conspiracy) and other relevant provisions.
The authorities are now actively pursuing the case to ensure that justice is served and the victims receive the necessary redressal for the financial and emotional distress caused by this elaborate scam.
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– Rabodi Police File Case Against Former Senior Official Of Co-operative Bank
– Former Senior Official Of Co-operative Bank Duping 18 Flat Buyers Of ₹4 Crore Over 7 Years.
