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MBA forges tenant’s documents to turn ‘loan shark’


MUMBAI: An MBA graduate who posed as owner of a flat in Chandivli and took multiple loans within the ultimate 8 months after forging the paperwork and signature of a would-be tenant has been arrested. It has emerged that he is a serial wrongdoer and was once held previous too.

Saud Khalifa-Dalvi, 34, had managed to get at least two bank cards and two consumer loans authorized after forging papers of an IIT engineer operating with a personal firm and used the cash to shop for 3 mobiles value Rs 1 lakh. Learning that a complaint have been filed on March 19, Saud went into hiding. He was once arrested a month later from Powai.


The engineer learnt in regards to the forgery when two EMIs of Rs five,000 and Rs 13,000 got deducted from his savings accounts in March and April. Shocked, the engineer checked his CIBIL (Credit Information Bureau (India) Limited) ranking and found loans like automobile, consumer and personal loans applied in his name with over seven financial establishments.

“We are verifying the sufferer’s complaint that his paperwork was once forged to use for 150 loans. Investigations display Saud has duped two extra persons of a couple of lakhs after hanging a deal to rent his flat, but cancelled at the ultimate second. It is unclear whether or not Saud misused the other two tenants’ paperwork,” stated the police.


Following up on a to-let advertisement for a flat in an upmarket complex in Chandivli, the 35-year-old engineer had met Saud, who claims to be in export-import of pharma merchandise. The flat belongs to Saud’s father and his circle of relatives stays there. “After taking Rs 2 lakh as deposit and paperwork (PAN card, Aadhaar card and checking account details), Saud cancelled the agreement in August 2018. He did not return the deposit either. Later, he used the engineer’s paperwork to use for multiple loans,” stated a police officer. The engineer discovered that some other 57 mortgage applications via Saud are pending approval, including a Rs 11-lakh car mortgage and a Rs 7- lakh personal mortgage in February.


“I was shocked how the financial establishments authorized bank cards, authorized applications for loans with out verifying KYC (Know Your Customer). Saud had used his photograph and his cellular quantity on photocopies of my PAN card, Aadhaar card, and financial institution remark that I had given to rent his flat. I'm fearful when some other EMI would get deducted from my account,” stated the engineer, who's from Hyderabad.


A police crew including senior inspector Kishore Sawant and sub-inspector Sandip Salunkhe beneath the supervision of DCP (Zone X) Navinchandra Reddy stored monitoring Saud as he modified places prior to trapping him. He has been booked beneath a number of IPC sections for breach of believe, impersonation, cheating and forgery.




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