Bantwal, Dec 27, 2019: Bantwal Police have on Friday arrested a person for cheating several banks of over Rs 2 crores and also a co-operative Society of Farangipete by availing lakhs of rupees of vehicle loan by pledging fake documents.
The accused is Basheer alias Hasan Basheer (42), a resident of Pumpwell in Mangaluru. He has been produced before the court and remanded to judicial custody for 15 days.
A complaint was lodged in Bantwal Rural Police Station on November 5 alleging that he had cheated Sumangala Co-operative Society of Farangipete by availing a vehicle loan of Rs 7 lakh in the name of Caravan Automobiles. Police said he had also availed loan amounting to over Rs 2 crore by giving quotation in other names to various banks in Bantwal, Vitla, Moodbidri and Mangaluru.