Pune: Fake Documents Used in Rs 48 Lakh Home Loan Fraud at Pimpri Chinchwad Bank of India Branch
Pune, 11th July 2025: Pimpri Police have registered a case after a Rs 48 lakh home loan fraud was uncovered at the Bank of India’s Pimpri branch, where suspects used forged documents under the pretense of flat purchase to secure the loan amount.
According to police, the accused, identified as Pritam Praful Velankar of Nigdi Pradhikaran and Sushma Mahadev Mane of Kiwale, conspired to create a fake demand letter and presented a fraudulent flat purchase agreement for a property in the Shruti Pride building owned by Nilesh Patil. Using these fabricated documents, they obtained a home loan of Rs 48 lakh from the bank.
The entire loan amount was then transferred to an account belonging to Sushma Mane at Seva Vikas Bank, effectively cheating the Bank of India. The complaint in the case was filed by Atul Kumar Singh, a resident of Aundh, Pune.
Pimpri Police have launched a thorough investigation into the home loan scam, focusing on the creation and use of fake documents and the subsequent transfer of funds.
