Free Press Journal

Indore: Bothers dupe bank of lakhs


Indore: Two brothers took loan from a bank in the name shop and left city after locking their shop and house when bank asked to repay the loan. According to police, manager of State Bank of Bikaner and Jaipur, Palasia branch lodged a complaint against brothers Rajesh Sharma and Ram Sharma for not repaying the loan taken from his bank.

In his complaint, bank manager Akshay Kumar told Tukoganj police that Rajesh Sharma of Balaji Garments had applied for loan under CC limit for Rs 10 lakh from his bank on October 30, 2015. The bank had also given a loan of Rs 10 lakh to his brother Ram Sharma of Balaji Garments on December 7, 2015. Bothe the brothers were the residents of Vyanktesh Vihar, Aerodrome Road.  The bank had given credit loan to both the brothers.

When their CC limit crossed overdraft amount of Rs 10 lakh, they stopped to deposit money in the bank.When bank asked the duo to repay the loan, they left the city after locking their shop and house, Kumar told police. Police have registered case against accused Sharma brothers and started investigation.