Nagpur: A case of financial fraud has been registered at Beltarodi Police Station after a group of individuals allegedly used forged documents to obtain a home loan worth ₹74.50 Lakh from a financial firm.

According to police, Nitin Wamanrao Hingankar (46), branch manager of Awas Financial Limited, Besa Road, Nagpur, filed a complaint stating that between October 26, 2023, and October 25, 2024, the accused submitted fake property documents to secure the loan. The accused, identified as Nilesh Manohar Paunikar, Nitesh Manohar Paunikar, Dinesh Jayadev Pawar, Vicky Purushottam Pathrabe, Sachin Chintaman Somkunwar, Sandeep Nimbodkar, Manojkumar Bisenkumar Sarve, Hemant Sapkal, Ram Nandanwar, and Ashwin Gruh Udyog’s director, falsely claimed ownership of non-existent properties to secure the mortgage.

The fraud came to light when the accused failed to repay the loan installments, prompting an internal verification that exposed the scam. The firm suffered a significant financial loss due to the deception.

Based on the complaint, Beltarodi Police have registered a case under IPC Sections 420 (cheating), 406 (criminal breach of trust), 465 (forgery), 468 (forgery for cheating), 471 (using forged documents as genuine), and 34 (common intent). Further investigation is underway.