NAGPUR: The economic offence wing (EOW) has unearthed a housing loan scam worth Rs2.35 crore at the Indian Overseas Bank’s (IOB) Hanuman Nagar branch. Cops have arrested three officials – former assistant manager (advance) Gopichand Khandekar, Pranali Baghel and the then bank manager Suresh Bhander — in the case.
In 2015, the bank had started a housing loan scheme ‘Shubhgruh Housing Scheme’ in which IOB had given loan to people seeking assistance in building their houses. Between July 2015 and April 2016, seven loans worth Rs2.35 crore were sanctioned to around 12 people including a Nagpur University guard. However, the accused had submitted fake and forged documents including payslip, bank statements and other required documents.
The accused after procuring the loan did not even pay back the instalments. A case of fraud was registered at Imambada police station on April 23, 2018. During investigation it came to fore that bank officials sanctioned loans without verifying documents and did not even carry out post loan sanction verification. This led to the huge scam in the bank.
The cops arrested the three banks officials who had also approached courts for anticipatory bail which was denied and led to their arrest. Three loan defaulters had also been arrested earlier on April 24. The cops are currently looking for the other absconding accused in the case.