The NM Joshi Marg cops, on Thursday, booked an agent who duped a private bank of Rs 1.64 crore by furnishing fake RC books for auto loans. The agent, from the period 2018 to 2020 got 13 car loans sanctioned from the bank on vehicles sold by a Kalyan-based dealer. But, during investigation, it was found that the vehicles were never sold by the dealer. In fact, the account number given to disburse the loan amount also belongs to the agent. No arrest has been made yet.

In January 2021, IDBI Bank, Lower Parel branch, received orders to verify car loans distributed. During verification, officials found that 13 people who had bought vehicles by taking loans had not been paying their monthly instalments. All loans happened to be disbursed towards an auto dealer, Sudarshan Motors, in Kalyan based on dubious documents. When the executives of the bank went to the dealer in Kalyan, they were shocked to know that the documents produced against the loans, including tax invoice, proforma invoice, RC book and receipt for buying vehicles, were fake and no such vehicle had been sold by the dealer.