Sahar Police Book Two Bank Agents for Rs 1.35 Crore Flat Loan Fraud in Andheri

The Sahar police have booked two bank agents for allegedly cheating a property seller and a prospective buyer in a Rs 1.35 crore flat transaction by opening unauthorised bank accounts and securing a loan using forged documents through a branch in Andheri East.

The case was registered on August 22 against the two accused, identified as Ajay Singh and Sushant Singh, under Section 420 for cheating and dishonestly inducing delivery of property, along with other relevant provisions of the Indian Penal Code.

According to the First Information Report, complainant Lionel Veloj, 46, a resident of Wadala East engaged in real estate, had purchased a three-bedroom flat in Dombivli in 2022. When Veloj decided to sell the flat in 2024, he came in contact with real estate agent Durgesh Singh, who introduced him to a prospective buyer, Rohit Nelson.

Nelson agreed to purchase the Dombivli property for Rs 1.35 crore. He initially paid Veloj Rs 1 lakh as token money and subsequently made several additional payments toward the transaction. During the process, Nelson and Durgesh introduced Ajay Singh and Sushant Singh to Veloj, representing them as bank agents who would handle the required financial formalities.

According to the complaint, the two agents collected documents from Nelson and allegedly used forged papers to secure a bank loan in his name without his permission from Union Bank of India's Andheri East branch.

The accused also allegedly opened an account in Veloj's name with Bombay Mercantile Co-operative Bank Ltd on P D’Mello Road without his knowledge or consent. Police stated that Rs 98 lakh was subsequently transferred into that unauthorised account.

Veloj told the police that the accused had submitted forged documents bearing his fake signature to the financial institutions in connection with the transactions, prompting the formal police complaint and registration of the FIR.