Katapady: Couple booked for fraud for taking Rs 45 lakh loan with fake documents

Team Udayavani, Jan 5, 2025, 9:10 AM IST

Representative image (credit: iStock)

Kaup: A case has been registered at the Kaup police station against four persons, including a couple, for securing a Rs 45 lakh loan from Katapady Cooperative Bank using fake documents and forged signatures.

The bank accused Riyanath Banu and her husband, Nouman Ismail, of obtaining the loan using forged documents. Dinesh and Rajesh served as guarantors for the loan. Initially, the couple repaid the first three monthly installments to the bank but then defaulted on the remaining payments, the complaint said.

Suspecting foul play, the bank authorities verified the submitted documents with relevant government officials, uncovering the forgery and fraudulent intentions behind the loan.

Based on a complaint filed by the branch general manager, Moidin D. Khan, the Kaup police have registered a case against the four accused individuals.