Police in Pune have filed a First Information Report (FIR) in a ₹30 crore fraud case where officials from a finance company allegedly used forged documents to secure loans in the names of former Purandar MLA Sanjay Jagtap and his family members. The complaint was lodged by his daughter, Rajvardhini Jagtap, who is also Executive Director of a Pune-based automobile company.
According to the FIR, between 2012 and 2017, nine business loans were taken from Reliance Commercial Finance using documents that carried forged signatures of Sanjay Jagtap, his wife Anandibai, Rajvardhini, and other family members.
How the Fraud Came to Light
The fraud was uncovered only after Rajvardhini received two court notices in March 2024, warning that properties mortgaged for the loans were being seized due to “non-payment.” Surprised, she checked records and realized all loans had already been repaid years ago.
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More alarmingly, additional fake documents were discovered—dated December 2018—requesting a fresh ₹30 crore loan, again using forged family signatures. Rajvardhini confirmed no such request was made and alleged the signatures were fabricated without the family’s knowledge or consent.
FIR Filed and Accused Identified
The FIR names Manish Eknath Morankar (52) and Shakeel Nadaf (55), along with two unnamed individuals, as the main accused. Police say these individuals were responsible for preparing the false documents, securing illegal loans, and rerouting the money across three separate bank accounts.
Police Inspector Arjun Mohite from Bund Garden Police Station is leading the investigation. He said that the initial complaint was thoroughly verified, and the fraud was confirmed through document and bank statement checks.
Police Take Action; Legal Steps Ahead
According to the FIR, the accused conspired to illegally gain control of company assets and defraud the Jagtap family by faking financial documents. The forged loan agreements included not only forged names but also company seals and no-dues certificates.
Senior Inspector Ravindra Gaikwad said, “A detailed investigation is now underway, and appropriate legal action will be taken.” The case has sparked widespread concern about document security and the responsibility of financial institutions.