Rs 3 cr bank loan fraud: ADJ grants ad-interim anticipatory bail to Khare
| Date :16-Jun-2019 |
Staff Reporter:
AD-HOC District Judge and Additional Sessions Judge V M Vaidya granted ad-interim anticipatory bail Rajesh Mahaveerprasad Khare, one of the accused in the infamours Rs three crore loan fraud case of Bank of Baroda. A resident of Abhyankar Nagar, Khare (63) along with Sanjay Motumal Kukreja (44) Mahesh Udaranmal Bhateja (41) Ajay Gangadhar Sute (41), Waman Hedau (61), Dhritesh Sunil Manna (32), Ramesh Chandrabhan Lambahate (53), and Vijay Ramchandra Petkar (54) were booked on charges under Sections 406, 420, 468 and 34 of the Indian Penal Code by Gittikhadan Police. Some of the accused are also the employees of Bank of Baroda.
There were allegations that Sanjay Kukreja and Mahesh Bhateja had fraudulently availed a loan of Rs three crore from Anant Nagar Branch of Bank of Baroda. The accused bank employees did not verify the documents mortgaged and sanctioned the loan. There were allegations that accused Khare had given the certificate of higher valuation of the property that its actual value. Appearing for accused Khare, Adv Kailash Dodani, Adv Hitesh Khandwani and Adv Kumar Meghani argued that their client was falsely implicated in the case.
They pointed that Khare had given the certificate after going through sale deeds of the adjoining property and rate prevailing in 2013. They also pointed out that the Bank’s Branch Manager lodged the FIR after six years. They stated that Khare was already cooperating with the police in the investigation and there was hardly any need for his custodial interrogation. After hearing both the sides, the court granted ad-interm anticipary bail to accused Khare.