City police have arrested a couple and their aide for allegedly cheating several banks to the tune of Rs 60 lakh for the last three years. The accused couple identified as Ramesh Jogani (45) and wife Manju (40), residents of Tardeo in south Mumbai, were held recently along with their associate Avinsh Kulkarni, who helped them getting forged documents.

The culprits used to take loan and accuse the loan recovery agents of harassing them for repayments, police said adding that subsequently they stop paying installments to the banks, police said.