pnb: Loan Fraud Case: Pnb Manager Detained | Ghaziabad News

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Ghaziabad: Police on Tuesday arrested a PNB official for allegedly sanctioning several fake loans to a 34-year-old city resident who is charged in fraud cases related to loans worth several hundred crores, police said .
PNB Greater Noida branch manager Utkarsh Kumar (43) has reportedly approved five loans amounting to Rs 20 crore to Lakhshya Tanwar in two years. Tanwar is charged in 23 loan fraud cases.
Kumar joined Punjab National Bank (PNB) in 2018 and was appointed manager of the bank’s Chandra Nagar (Link Road) branch in Ghaziabad. He was transferred to Greater Noida at the end of 2019, said Nipurn Aggarwal, Superintendent of Police, City-1, Ghaziabad.
“From 2018 to 2019, Utkarsh sanctioned five loans worth over Rs 20 crore to Tanwar,” the SP said. In 2018, Kumar sanctioned a loan of Rs 4 crore on behalf of Mahindri Devi, also a resident of Ghaziabad, and registered land worth Rs 40 lakh as collateral. Tanwar had forged Devi’s signature in the official documents to take the loan. She filed a lawsuit in 2019 after discovering a loan had been taken out in her name, Aggarwal said.
In 2019, Kumar again sanctioned a loan worth Rs 2 crore against valuables at a shoe shop owned by Tanwar in Ghaziabad. “Tanwar said in his loan application that he wanted to expand his business and was giving his stocks of shoes as collateral,” Aggarwal said, adding that no inspection had been carried out.
Three other loans were approved by Kumar for the benefit of Tanwar over two years, the cops said.
Kumar is the latest PNB employee to be detained in connection with cases against Tanwar. In December 2021, former loan manager Priyadarshini Kashyap and former Link Road branch manager Ramnath Mishra were arrested in the cases. Tanwar – also convicted under Uttar Pradesh’s Gangsters and Anti-Social Activities (Prevention) Act – was arrested in August last year along with two members of his family. He is currently in prison.
Police say Tanwar has taken out fraudulent loans worth more than Rs 450 crore since 2012. They said he would pose as a property dealer and acquire the property registration documents from the owners . He would then use these papers to obtain loans.
Of this total, 22 cases were filed against Tanwar in Ghaziabad and another by the CBI in 2016. The defendants were convicted under IPC sections 420 (cheating), 467 (false), 468 (false for cheating) and 120B (criminal Offence). conspiracy).
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