Man Dupes Bank Of Baroda Of Rs2 Crore
Jul 20, 2017, 11:54 IST
Vimal Goel
Hyderabad: A 56-year-old man from Mumbai was arrested on Wednesday for allegedly duping Rs2 crore from a bank in the city.
The accused identified as Vimal Goel alias Vimal Chand Jain, a resident of Dadar East in Mumbai has borrowed a loan on his firm GM Jewellers from Bank of Baroda, Himayath Nagar branch. He mortgaged a property situated at Road No. 7, Banjara Hills on the surety of his friend Sheik Basheed.
In an inquiry, it was found that the guarantor Sheik has already obtained a loan from a bank by mortgaging the same property. Based on the complaint of Nageshwar Rao, Chief Manager of the bank, the police arrested Vimal for defrauding the bank and transferring the loan amount to different companies from his personal account.
The police on investigation found that Vimal earlier cheated various banks to the tune of Rs11.4 crore.
More from section
Advertisement
Top Stories
Mother’s Day is a beautiful occasion to express love, gratitude, and appreciation for the incredible women who raised us. This year, Mother’s Day falls on May 11, 2025, and it’s the perfect opportunity to remind your mom just how much she means to you. Whether you're celebrating in person or sending love from afar, heartfelt wishes, meaningful messages, and thoughtful captions can make her day truly special.
Heartfelt Mother’s Day Wishes
Andhra Pradesh
Telangana
Politics
Entertainment
Crime
Video
