Now Reading: Tenants forge signatures, mortgage Zirakpur plot; booked
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Tenants forge signatures, mortgage Zirakpur plot; booked
Zirakpur police have booked three tenants, Rajesh Ajmera, Dharminder Ajmera and Gayatri Ajmera, for allegedly stealing the original sale deed of a 133-square-yard plot in Lohgarh, forging the landowners’ signatures, and mortgaging…
The Story in Brief
Zirakpur police have booked three tenants, Rajesh Ajmera, Dharminder Ajmera and Gayatri Ajmera, for allegedly stealing the original sale deed of a 133-square-yard plot in Lohgarh, forging the landowners’ signatures, and mortgaging the property with AU Small Finance Bank without their knowledge. The fraud came to light after the bank issued a recovery notice to the owners, Maninder Kaur and Nonihal Singh, following a loan default. A forensic handwriting examination confirmed the signatures on loan documents were copied and not genuine.
The Indian Opinion
Yet another property fraud surfaces because a bank handed out a loan without verifying the borrower’s title or the landowner’s signature. Headlines call these scams ‘big’ only after the crores add up, but the real failure is routine. Why did AU Small Finance Bank not demand the original owner’s presence or a no-objection certificate before mortgaging a plot it did not inspect? The answer to stopping such frauds is not more policing after the fact, it is making banks liable for every rupee they lend against a forged document.
Sources (2): hindustantimes.com, hindustantimes.com (2)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
