Farmer dupes finance firm of Rs 13lakh, booked

AURANGABAD: A farmer from Bidkin who allegedly received a loan of Rs five.25 lakh for getting a tractor has been booked at the fee of duping a private finance company by submitting cast files.

The mortgage was taken in 2012, and since then, the farmer has defaulted on the compensation. The finance firm, in its grievance, has said that the fantastic quantity against the farmer now stands at Rs thirteen lakhs.

According to the criticism lodged by Sandeep Tiwari, the signatory officer with the town-primarily based Mahindra Economic Services, the suspect was recognized as 45-12 months-old farmer Anil Ashok Giri from Bidkin of Paithan tehsil within the district applied for a mortgage of Rs 5.25 lakhs.

He submitted documents of his farmland and additionally the records of a guarantor to secure the loan. The loan amount was sanctioned for buying a new tractor. The farmer was then supposed to pay the first installment on August 10, 2012; however, he no longer defaulted on the installments but also stopped responding to the calls and communications from the Financial institute.

In advance this year, the officers of the private finance company reviewed the files the farmer submitted to secure the mortgage. On examining the farmland files submitted with the farmer’s aid, the Economic Institute found them to be forged files. Meanwhile, while the officials were taking steps to capture the tractor, they discovered that the documents provided by the guarantor had also been forged.

Taking a critical awareness of the improvement, the Financial Institute conducted an inner inquiry to check how the forged files managed to clear the verification carried out earlier than issuing the loan.

Following the incident, the Financial institute made a legal flow and approached the courtroom, looking for directives to the police to register an offense against the suspect farmer.

Based on the directives of the neighborhood court docket, the Kranti Chowk police registered a case of criminal breach of consideration, forgery, and dishonesty toward the farmer and began investigating the matter.

Police officials said they’re surprised the incident remained under the wraps for four years before surfacing up handiest in February this year.

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