Pune Trader’s 3BHK Flat Fraudulently Mortgaged for Rs 2.82 Crore Loan; FIR Filed
Pune, 15th May 2025: Kalepadal police have launched a probe after a 74-year-old import-export businessman from Pune alleged that a real estate agent and a woman from Kolhapur’s Jaysingpur fraudulently mortgaged his 3BHK flat in Gahunje to obtain loans totalling ₹2.82 crore from nationalised banks in Pune and Mumbai.
The first information report (FIR) was lodged on May 13 by Ashok Nopany, a resident of Undri, who claims the accused used forged documents to secure two separate loans of ₹1.42 crore and ₹1.40 crore, respectively. The banks have since moved the Debt Recovery Tribunals (DRTs) in Mumbai and Pune seeking possession of the flat.
According to Nopany, the flat is jointly owned by him and his daughter, and they continue to live in it. “Despite our continuous possession and joint ownership, the banks approved large loans without even verifying the documents,” he told Punekar News.
The complaint states that the broker, based in Katraj, introduced the woman to Nopany as his “sister” and proposed a deal to purchase the flat for ₹1.95 crore. Nopany, who was looking to raise funds for his business in August 2022, agreed to a registered agreement to sell after accepting a token payment of ₹20,000. The sale agreement was registered at the Wadgaon Maval sub-registrar’s office.
However, instead of proceeding with a legitimate transaction, the accused allegedly used photocopies of the flat’s documents provided by Nopany to forge ownership papers. They then opened a bank account in his name at a cooperative bank’s Akurdi branch and diverted the sanctioned loan amounts there.
“I was repeatedly told to wait for the full payment,” said Nopany. “Then in March 2024, I was shocked when bank representatives came to paste an auction notice on my flat in the woman’s name. That’s when I realised something was seriously wrong.”
Subsequent inquiries by Nopany’s legal team revealed that the accused had used forged documents to mortgage the property. One of the forged agreements was later transferred to the broker, he said.
“While I was dealing with the first bank, another notice arrived from a second bank claiming recovery of ₹1.40 crore. Neither bank had verified ownership or contacted me before approving the loans,” Nopany added.
The case registered under relevant sections of the Bharatiya Nyaya Sanhita (BNS) includes charges of criminal breach of trust, cheating, forgery of valuable security, and using forged documents as genuine.
Assistant Inspector Amit Shete, who is investigating the case, said, “The suspects have switched off their phones and are currently absconding. We are working on leads to trace them. At this stage, the banks have not filed criminal complaints, but we are writing to them to understand the due diligence process followed during loan disbursement.”
Shete noted that the banks’ financial losses are substantial. “They must disclose who sanctioned the loans, what documents were reviewed, and whether any internal checks were bypassed,” he said.
Meanwhile, Nopany has obtained a stay order from a civil court in Wadgaon Maval to halt the banks’ recovery actions and has filed intervention applications with both DRTs.
“The matters are pending. I want to ensure that the flat my daughter and I own is protected from fraudulent claims,” he said.
