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Builder held for Rs 30 crore bank fraud escapes, caught at airport

"He had taken a loan in 2012 from CKP Bank after keeping two flats and a plot of land as mortgage. However, he defaulted on the loan after a while after which the bank filed a police case in February this year

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This picture has been used for representational purposes

This picture has been used for representational purposes

A builder who had been arrested for allegedly duping a bank of Rs 30 crore was caught at Mumbai airport on Sunday after he escaped from police custody earlier in the day, a Thane police officer said.

Jagdish Wagh, 37, from Dombivli in the district is accused of duping CKP Bank to the tune of Rs 30 crore after defaulting on loans taken on two flats and a plot of land, and then selling them fraudulently without the knowledge of the bank, the police officer said.

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