Kanpur, Uttar Pradesh: A Kanpur man has alleged that his wife and personnel associated with Piramal Finance used his original property documents to obtain a ₹28.45-lakh loan without his knowledge, listing him as a co-borrower without his consent. Acting on a court order, Kotwali police have registered an FIR against 12 people, including the wife and finance company personnel.
The complainant, Naved Hasan, a resident of Qazikheda in the Chakeri area, alleges that he neither applied for the loan nor signed or authorised the relevant documents. According to his complaint, ₹28,45,683 was transferred to his wife, Shakeela Ali’s, bank account.
Property Documents Allegedly Used Without Consent
According to Naved Hasan, his father transferred ownership of a house to him through a registered gift deed in September 2017. He alleges that the original property documents were subsequently used to secure the loan without informing him or obtaining his approval.
Hasan claims he learnt that his name had been included as a co-borrower only later. He has questioned how his identity and consent were recorded in the loan application and the documents submitted to the finance company.
The investigation will examine the origin and verification of the property papers, who submitted them and whether the required checks were completed before the loan was sanctioned.
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Couple Had Been Living Separately Following Marital Dispute
In his complaint, Hasan stated that a dispute arose between him and Shakeela Ali in 2023, after which the couple began living separately. He further alleged that his wife left the house in June 2025 and that the property documents were subsequently used to obtain the loan.
Hasan has denied any involvement in the borrowing process. He also alleged that the loan application contained an alternative mobile number and email address belonging to his wife instead of his own contact details.
According to the complainant, this meant he did not receive information about the application or the related formalities. Investigators will need to establish how the contact details were entered and verified and whether Hasan’s consent was obtained through the prescribed process.
₹28.45 Lakh Credited to Wife’s Account, Instalments Allegedly Paid by Her
The complaint states that ₹28,45,683 was disbursed into Shakeela Ali’s bank account. Hasan has maintained that he neither received nor used the loan amount and did not authorise the transaction.
He further alleged that his wife continued paying the instalments. The circumstances surrounding the disbursement, repayment arrangements and use of the funds are expected to form part of the investigation.
A central question is how the loan was approved when one of the individuals listed as a co-borrower claims he never applied for it or consented to the arrangement.
Piramal Finance Personnel From Multiple Departments Named
Besides Shakeela Ali, the FIR names her brothers, Mohammad Rizwan and Mohammad Faheem. It also includes the branch manager of Piramal Finance, authorised officer Utkarsh Srivastava and personnel associated with the company’s credit, sales, Know Your Customer (KYC), field operations and loan disbursement departments.
A total of 12 people have been named following the court’s directions. Investigators will examine the roles of the individuals involved in processing the application, verifying the property documents, recording the co-borrower’s details and releasing the funds.
The inquiry is also expected to assess whether identity checks, document verification and consent procedures were properly followed before the loan was sanctioned.
Police Begin Investigation Following Court Order
Kotwali Inspector Arun Kumar Dwivedi confirmed that an FIR had been registered following a court order. The investigation will focus on the circumstances in which the loan was obtained and the respective roles, if any, of those named in the complaint.
The registration of an FIR does not establish the guilt of the accused. The allegations against Hasan’s wife, her relatives and the finance company personnel remain subject to investigation, and individual responsibility will depend on the evidence collected.
What This Means For You
Being named as a co-borrower can carry significant financial and legal consequences. Anyone who discovers an unfamiliar loan linked to their identity or property should promptly obtain the loan and account records, dispute unauthorised documentation with the lender in writing, preserve relevant communications and seek appropriate legal assistance. Property owners should also keep secure records of original documents and act quickly if they suspect misuse.
The420 Insight
The key issue in this case is whether the loan approval process adequately established the identity and consent of every person listed as a borrower. Verification records, application contact details, signatures or other consent records, property documents and disbursement trails could help investigators determine how the loan was processed and whether any procedures were bypassed.
About the author — Ananya Aradhya writes on cybercrime, fraud, scams, cybersecurity, digital safety, and emerging threats. Her work also covers major criminal cases, financial frauds, consumer scams, and stories that highlight risks affecting people in the real and digital world.
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