Businessman Seeks Loan For New Car, Discovers He Already Bought Two

A 55-year-old businessman from Thane approached a financial institution to seek loan for buying a new car, and was shocked to learn that he was on a defaulters' list, for not repaying Rs 15 lakh for two cars purchased earlier. Dashrath Sable, who owns a travel business, found the two cars had been bought with his documents and even his signature had been forged. He has complained to Chitalsar Manpada police station in the last week of January regarding the fraud.

Mr Sable, a resident of Vasant Vihar, Thane west, said he learnt about the scam four months ago, when he approached Mahindra Finance for a loan to purchase a Maruti Brezza. "They told me that I couldn't get a loan as I am on a black-list for not repaying earlier loans. The list was circulated to finance companies. I have three cars for which I had taken loans from Mahindra and have been repaying the installment on monthly basis," he said.

Signature was forged

When Mr Sable investigated, he found the cars were purchased using his documents. "Two cars worth around Rs 15 lakh have been bought in my name. Documents like my PAN card and other details were used and my signature was forged. Only the mobile number used in the documentation belonged to another person."

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Mr Sable said employees of the company may have misplaced his documents. He said, "The purchases were made two years ago, and the loan was disbursed by Hinduja Leyland Finance. I have complained to the Chitalsar Manpada police."

Police speak

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Ganpat Pingale, Senior Inspector, Chitalsar Manpada police station said, "We will cross verify the complaint and on gathering evidence will take appropriate action." A senior official of Hinduja Leyland Finance said they received a complaint from Dashrath Sable two days back, and will investigate, after which they will approach the police.

Rs 15 Lakh 

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The sum for which the two cars were purchased

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)