Surat: Rander police have registered a case against a 30-year-old man for allegedly cheating Sutex Co-operative Bank of Rs 21.91 lakh by selling a property mortgaged with the bank without its consent.According to the FIR, the accused, Sarfaraz Dastgir Khan, had availed himself of a Rs 25 lakh cash-credit facility from the bank in 2013 for his motor vehicle business, S K Financial Services. His mother’s property was mortgaged as security for the loan facility.The FIR states that after the deaths of his parents, Khan became the sole heir to the property. In Feb 2019, he executed a deed of confirmation acknowledging that the property was mortgaged to the bank.Despite this, Khan sold the mortgaged property, a 375-square-foot shop in Shakuntal building in Adajan, for Rs 19.80 lakh through a registered sale deed in June 2023. The transaction was completed without informing the bank or obtaining its consent.According to the FIR, the buyer later sold the property to another person in Dec 2023 with Khan signing the sale document as an identifying witness.The bank alleged that Khan failed to clear the outstanding dues despite repeated notices. By the time the complaint was filed, the outstanding amount, including interest, had risen to Rs 21.91 lakh.Rander police have registered a case under provisions of the Bharatiya Nyaya Sanhita (BNS) and initiated an investigation.
