Nagpur: Lakadganj Police have registered a cheating case against a Nagpur couple for allegedly obtaining a ₹15 lakh loan from Bank of Baroda by mortgaging a property and later using forged property documents to secure additional loans from three other banks.

The complaint was lodged by Nikhil Naresh Bhengade (43), Branch Manager of Bank of Baroda, Wardhaman Nagar Branch, located near Dr Babasaheb Ambedkar Chowk on CA Road, Nagpur.

The accused have been identified as Preeti Raju Darwekar (35) and Raju Vitthalrao Darwekar (38), residents of Plot No. 10, Shyam Nagar, Manish Nagar, Nagpur.

According to the complaint, on March 30, 2015, the accused mortgaged their property located at Mouza Babulkheda (Sheet No. 288/59, Khasra No. 65/2) with the Bank of Baroda and obtained a loan of ₹15 lakh.

Police said the couple allegedly failed to repay the loan. When the bank initiated recovery proceedings, it was discovered that the accused had allegedly prepared forged property documents and used the same property to obtain loans from Vidarbha Konkan Gramin Bank (Pardi Branch), Arvind Sahakari Bank Ltd. (Digdoh Branch) and UCD Bank (Somalwada Branch).

The bank alleged that by using fake documents to mortgage the same property at multiple financial institutions, the accused cheated Bank of Baroda of ₹15 lakh.

Following an inquiry into the complaint, Lakadganj Police registered an FIR against the accused under relevant sections of the Indian Penal Code for cheating and common intention. Further investigation is underway