A Nashik Road businessman was allegedly cheated by the employees of a cooperative bank by opening an account in his name without his knowledge to take a loan of Rs 25 lakh on two occasions, reports Times of India.
While the loan was repaid and the account closed, the account holder has accused senior officials of the bank of cheating him and lodged a complaint against them.
The Upnagar police have dispatched a notice to the bank seeking information on 11 different points.
Upnagar police officials said businessman A R Khan had some fixed deposits in his name and in the name of his family members at the Business Co-operative Bank. Four senior officials of the bank allegedly opened an account of ‘loan against fixed deposits receipts’ in his name without his knowledge.
Businessman A.R. Khan told the police that a loan of Rs 25 lakh was allegedly taken on May 11, 2001 and another of Rs 25 lakh on March 31, 2003. After he came to know recently of the account opened in his name without his consent, he sought details including the note of consent, promissory note, etc to the bank for opening the account.
In cooperative banks, any proposal made has to be approved by the chairman and other directors on the board, before granting a loan. Thus, the senior officials are involved in the fraud, Khan charged.
The transactions took place more than a decade back , claimed a police source.
