City police have arrested a couple and their aide for allegedly cheating several banks to the tune of Rs 60 lakh for the last three years.

Ramesh Jogani (45) and his wife Manju (40), residents of Tardeo in south Mumbai, were held recently along with their associate Avinsh Kulkarni, who helped them getting forged documents.

The culprits used to take loans from banks and accuse loan recovery agents of harassing them for repayments, police said, adding that subsequently they stop paying installments.

"Jogani, posing as a chief executive officer of JJ Paper Industry, has obtained loan of Rs 4.66 lakh from Kotak Mahindra Bank. He had an office in Sion when he took the loan," police said.

"He had come to Tardeo police station to register complaint against a recovery agent saying that the agent was harassing him," police said.

"We took notice of the complaint and started inquiring. We found that Jogani was not working with JJ Paper Industry," police said.

"When we grilled him, it was learnt that he had cheated several other banks as well by adopting similar modus operandi," they said.

"Investigation so far suggested that he had cheated ICICI Bank, Vysya Bank and others to the tune of Rs 60 lakh," police
said.

Later, he along with the other two was arrested, police said, adding that further investigation is on to establish if they cheated any other banks.

 

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Source : Central