Five people booked for allegedly cheating Andhra Bank

Five people, including a married couple from Ambernath were booked by the police, for allegedly cheating the Ambernath branch of the Andhra Bank to the tune of Rs 10 lakh by presenting fabricated documents, a police official said here today.
Assistant police inspector S G Kumbhar of the Shivaji Nagar police station told PTI that the accused used fake government rubber stamps departments to forge sales agreements and presented them to the bank to obtain a housing loan.
The police official identified the accused as Prashant Bhagwe, Pratigya Bhagwe, Ajay Angre, Sanket Kamble and Ravi Patil.
Allegedly, Prashant Bhagwe attempted to shown that he had purchased a flat in the Venus Co-operative Housing Society in Dombivli from Patil and fabricated records for the same to obtain a loan from the bank.

In addition to this, they had also procured a sum of Rs 60,000 from Sanjay Akhade and allegedly cheated him. Thus the total amount of cheating is Rs 10,60,000, the complaint stated.
The case was registered yesterday afternoon after which Prashant Bhagwe was arrested, the police official stated.
All the five have been charged under Section 20, Section 465, Section 467, Section 468, Section 471, read with Section 34 of the Indian Penal Code, the police said.