Mangaluru, Mar 15: The police have arrested a man in the city on the charge of swindling two nationalised banks of over Rs.3.50 crore pledging forged documents.
Gulzar had absconded after he took a loan of Rs. 2 crore in the name of three persons from a branch of the Bank of Baroda (BoB) here in 2009, Mr. Ranjith said.
He said 13 cases were pending against the accused after he escaped after taking loans worth Rs.1.50 crore from the Manjeshwaram branch of Canara Bank. The police had arrested four persons in connection with the cases.
Gulzar was absconding for over five years as he was working as a truck driver operating in Karnataka and Maharashtra.
Gulzar is said to have duped the banks by availing himself of huge sums as loans in the name of other persons, pledging title deeds of cheaper land showcasing them as prime land.
The CBI had visited the district several times in vain, Mr. Ranjith said adding that the accused was rounded up following a tip-off.

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