The Ghatlodia police have registered a case against four office-bearers of Colour Merchants Co-operative Bank Ltd and its four recovery agents, accusing them of cheating of Rs 22 lakh.
Atul Kadia, resident of Naranpura, filed complaint with Ghatlodia police that he had approached bank office-bearer Chintan Shah in 2014 seeking a business loan. Kadia, who was granted the Rs 10 lakh loan, had paid Rs 1.95 lakh as commission to get it sanctioned.
Kadia alleged he was asked for blank cheques and when the sanctioned loan was deposited into his account, the accused transferred the amount into their accounts and availed an additional Rs 1 lakh loan using his documents.
police have registered a complaint of breach of trust, cheating, forgery, producing forged documents as genuine, extortion, criminal intimidation and criminal conspiracy against the office-bearers and the four recovery agents. Kadia alleged that although the Rs 20 lakh loan never reached him, four recovery agents recovered Rs 84,000 from him using threats