Rajkot: travel bus operators, around 40 years old, were arrested for securing a bank loan on a travel bus that never existed.
According to officials of the Special Operations Group (SOG), they arrested one Bhalugiri Goswami, a resident of Narayan Nagar, who has a Khodiyar trip in Rajkot City on Monday.
In accordance with the main details, Bank Goswami loans secured an Rs of 4.6 Crore from a different bank by producing a fake registration certificate book (RC) 28 luxury buses.
Police filed a complaint against three people – Bholagiri Goswami, Irshad Pathan and Hosang Bhagvagar – under various parts of the Criminal Code including a criminal conspiracy and had launched a probe.
Both Pathan and Bhagvagar come from letters.
“Pathhan is a person who provides fake RC vehicle books while Bhagvagar works as an assessor.
Goswami touched with Pathan about four years ago when one of the buses developed technical barriers in the letter.
He has some financial problems and shares it with the way to tell him about ways Illegal ways to make money.
Then, Pathan began to supply RC vehicle books deleted and were no longer used for Goswami, “said a police officer.
“Goswami secured a bank loan from HDFC, IKF Finance Ltd, Orix Finance, Tata Finance and IIFL worth 4.06 Crore in 2019.
Goswami paid installments for the early months and then began to default.
The bank issued a notification to produce a vehicle where it has taken a loan But he did not respond to them, “added police officials.
The police said that one of the accused Pathhas was arrested for similar fraud in the letter.
One was held to secure RS 4.6 CR loan on the ‘no’ bus’
