A person involved in cheating case of Rs 1.40 crore came in the dragnet of Special Investigation Cell (SIC), police said on Thursday. The accused through fake documents had taken loan from banks of Rs 70 lakh each from two banks, police said.
According to police that accused was identified Shivendra Singh (32) resident of Santoshi Nagar. Mahendra Kumar Agrawal (47) resident of Pandri and Anurag Agrawal (40) resident of Ramkund have lodged report in this connection. Shivendra Singh for purchasing house had taken loan of Rs 70 lakh each from Bank of Maharashtra, Shankar Nagar Branch and Punjab National Bank Telibandha branch. For taking loans the accused presented audit papers for year 2008-09, 2009-10 and 2011, balance sheet, office seal of Nirmal Traders and membership number, police said.
Based on the documents presented by accused both the banks granted loans to the accused. later bank came to know that Shivendra Singh had never got his accounts audited and had submitted fake documents. The case was handed over to SIC which after preliminary investigation registered a case against Shivendra Singh under Sections 420, 467, 468, 471, 120(B) of Indian Penal Code (IPC).