Lookout notice against man for forging signature of business associate, availing loan of Rs 1.7 crore and fleeing to US | Mumbai News

The Mumbai Police has issued a lookout circular against a 50-year-old man, who is booked in a case of conspiracy, cheating and forgery, for allegedly duplicating the signature of his business associate, a 68-year-old widow, availing personal loans amounting to Rs 1.7 crore from eight financial institutions and escaping to the United States of America.

The police said the crime was committed between 2020 and 2023, but the case was registered early in July this year after she came to know about it through the court’s summons and notices issued from financial institutions threatening to seal her house.

The complainant, identified as Shashibala Obhan, has told the police that her family got a dealership of the petrol pump in 1975 and ran it near Cotton Green railway station.

As the partners in the petrol pump kept changing within her family, in 2007, Obhan decided to sell the dealership of the petrol pump.

“In 2007, Nur Mohammad Merchant and his son Riaz approached to buy her petrol pump. After the deal was agreed between us, we decided to sell the petrol pump to them. But in reality, he bought the petrol pump in the name of his son-in-law Hussain Amir Ali Ajne. Nur claimed that he wanted to make his son-in-law and daughter financially stable,” read the statement of the complainant.

Festive offer

However, as they proceeded with the deal, the complainant’s statement read that they came to know about a rule that if all the partners of the petrol pump walked out, then the dealership would be discontinued by the company due to which Nur, Riaz, and Hussain requested her to remain a ‘sleeping partner’ in the firm.

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“But Obhan did not interfere in the daily routine of the company or had anything to do with the profit or loss of the firm named Cotton Green Service Station,” an officer said.

While her daughter stayed in Canada, she would frequently visit her there.

In September 2023, during one such visit, one of her acquaintances informed her that notices and summons were being issued in her name.

She subsequently came to Mumbai and saw that there were multiple notices dropped off at her house.

Later, when she enquired about it, she came to know that Hussain forged her signatures and availed personal loans of Rs 1.7 crore from eight financial institutions in the name of the company.

“When she confronted Hussain, he promised that he would sell off the dealership and repay the loan. However, he sold the petrol pump and escaped without repaying them and as he was untraceable, the financial institutions started sending notices to Obhan,” a police officer said.

She was further threatened that her house would be sealed if she failed to repay the loan. “As she was under duress, the woman even thought of ending her life when her friend intervened and got her to the police station,” said an officer.

The Kalachowkie police conducted a preliminary inquiry following which a case was registered on July 3. “As we have learned that the accused has escaped to Florida in the US, we have also issued a lookout circular against him in the hope of nabbing him as soon as he arrives in India,” said a senior police officer.



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