Pune woman booked for trying to sell Mercedes, despite pending loan

If you have an impending loan on a vehicle, you cannot sell it. A 40-year-old woman tried to outsmart Pune’s Regional Transport Office (RTO) by submitting forged documents claiming she was loan free, to sell a Mercedes she couldn’t afford anymore.

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She did manage to lay her hands on the NOC, but her crime was caught soon enough.

The incident came to light when company representative of TVS Credit services Rajendra Chavan (32), a resident of Nigdi in Pune, lodged a complaint against the accused, Dipti Aranha — wife of Vivek Aranha, director of a Pune-based education group — when she failed to pay her monthly EMI in March.

On July 25, 2014, Dipti bought a Mercedes Benz worth Rs 45 lakh by procuring a loan of the same amount. After repaying R20.31 lakh, Dipti decided to sell the car. In her application to the RTO on April 11, she mentioned that the loan had been cleared and submitted fake papers to support the claim. On May 5, she got the certificate from the RTO claiming that the car was not burdened by any loan, Inspector Madan Badharpure of Bund Garden police station said.

While no arrest has been made, Dipti has been booked under relevant sections of the IPC including cheating (420), punishment for forgery (465), forgery for valuable security (467), purpose of cheating (468) and using genuine and fraud document (471).

Not the first time
On September 2 last year, a case was registered against Vivek at the Cantonment police station for forging documents to get a loan. An FIR was lodged on the complaint of the Cosmos Cooperative Bank, from Vivek and his partner Vinay Aranha, owners of the Rosary Education Group, availed a loan of Rs 20.44 crore. The FIR mentions that they had availed a loan of Rs 46.5 crore prior to the incident, and had been unable to pay the installments.

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