BENGALURU: A couple from the city has defrauded nationalised banks, regional cooperative banks and private financial institutions by mortgaging the same property to all of them to obtain crores of rupees as loan. They have also fabricated documents of a property that does not even exist in the city.
When bank authorities went to attach the property at Begur in Bengaluru South taluk, they found that the plot had already been pledged to many other financial institutions. Only when the authorities verified the documents at the Begur sub-registrar’s office, BBMP and BDA, did they find out that the documents of lands/sites shown on different numbers at Begur were fabricated.
Over 15 banks and financial institutions were in queue to recover the loan and interest from the couple, KS Nagesh and Suma BS, who had obtained loans for procuring machinery for their companies, Shrinidhi Manufacturers and Shrinidhi Masala.
To quote just a few instances, they owed Rs 1.30 crore to Tumakuru Merchants Credit Cooperative as of 2018, Rs 2.09 crore to Tumakuru Grain Merchants Cooperative Bank as of December 2022, Rs 1.88 crore to Koteshwar Cooperative Bank as of 2022 and Rs 1 crore to Tumakuru Veerashaiva Cooperative Bank. They had taken Rs 95 lakh from Syndicate Bank in 2018.
8 FIRs filed against couple in Bengaluru
For all loans, either the husband was the applicant and the wife was the guarantor along with others, or vice versa. As per a report filed by the Jayanagar police before the city civil and sessions court which was approached by the couple for anticipatory bail, eight FIRs have been filed against the couple -- two at the Jayanagara police station, one each at Puttenahalli and Seshadripuram stations, and four at VV Puram police station -- between 2018 and 2022.
The institutions allegedly cheated by the couple are Banashankari Cooperative Bank, BDCC Bank, Tata Capital, Corporation Bank, Syndicate Bank, Lakshmi Vilas Bank, Tumakuru Grain Merchants Cooperative Bank, Banashankari Mahila Cooperative Bank, Tumakuru Merchants Credit Cooperative Limited, Koteshwara Cooperative Bank, National Cooperative Bank, Central Bank of India, Manappuram Finance and Mahila Cooperative Bank, Canara Bank and Allahabad Bank.
The couple claimed that they had been falsely booked and they were no way connected to any of these transactions. The public prosecutor opposed their bail, saying there is material on record, prima facie showing their involvement in the alleged offences.Rejecting their bail plea, third Additional City Civil and Sessions Judge Nisharani AC said the material, including a report by an investigating officer, revealed that the accused were involved in eight crimes.