Bank loan

Chandannagar Police Book Builder, Wife and Partner in Bank Loan Fraud

Police identified the developer as Girish Ramchandra Kamath of property company Orange Landmarks

PUNE Chandannagar Police have detained a builder and two others for deceiving three nationalized banks in a loan fraud case estimated to be worth 1.57 crores. Police identified the developer as Girish Ramchandra Kamath, his wife Pallav and his partner Avinash Dattatreya Bhadarke of property company Orange Landmarks.

Uday Walvekar (57), a resident of Vimannagar, filed a complaint. According to the complaint, Kamath had constructed the Orange Landmarks building in Wadgaonsheri and obtained a housing loan from 54 lakh from State Bank of India for apartment number 301 located on the third floor of the building.

During the investigation, it was revealed that Kamath, in collusion with his partner Bhadarke, obtained housing loans from 49 lakh from South Indian Bank, Vimannagar branch and 54 lakh from Bank of Maharashtra, Indrayani nagar Bhosari for the same apartment. Inspector Sunil Jadhav said a cheating-related case was filed against the accused for loan fraud and drafting false documents to obtain a loan on a single apartment.

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