Pune: 20 Transactions On Building Using Fake Documents, Six Out Of 12 Accused Arrested

Pune, 16th September 2022: A four-storied building in the Kondhwa area has been transacted as many as 20 times in a single year. The accused secured a loan from the bank by pledging the documents of the building.

In this case, the Market Yard Police station has arrested six people, including five women out of 12 people identified as the accused. The original owners were not aware of the building sale. The relevant property was mortgaged to banks three times, and a loan of around Rs 3 crore was taken on it.

Anjali Satyadev Gupta, Neeru Anil Gupta, Kiran Devendra Chadha, and Suman Ashok Khandagale had bought the land in Kondhwa Khurd. In 2005, they built a four-storey building named Nandanvan. Gupta, Chadha, and Khandagale families lived on each floor. Due to some reasons, it was decided to sell this building in 2020. Vinay Patil and land brokers were informed about this. The property purchase agreement and documents were also given. Buyers began to check the building from May 2021; Bank officials were also coming for evaluation.

In November 2021, a transaction of Rs 3.40 crore for the sale of the building was settled with a person. After that, the transaction was not completed as the loan was not approved. On 4th August 2022, Cosmos Bank officials asked the women if the property had been sold to anyone.

Meanwhile, Vinay Patil, in connivance with other women, created a fake document of the woman owner of the building and registered it in the Haveli Sub-Registrar Office in February. They had come again with the same women to register a new deed of the same property. Due to this, the employees of the sub registrar’s office became suspicious. After their investigation, it was found that more than 20 transactions were done in a year by changing the survey number in the same way.

There are 22 such fraudulent transactions involving the Nandanvan building that have been registered at various sub-registrar offices since July 2021. Two of these are fake mortgage deeds with Cosmos Bank and one with the Bank of Maharashtra. The police investigation revealed two more fraudulent transactions, including forged mortgage documents with HDFC and Bank of Baroda. A probe is underway to determine whether all of the buyers, like the sellers, are genuine or are part of a scheme to defraud the banks.

Vinay Patil and five women have been arrested. Assistant Police Inspector Madan Kamble is investigating.