MCC bank files cheating case against Gopal S Pandit and others

Mangalore Today News Network

Press Release

Mangalore, May 7, 2014: Mangalore Catholic Co-op Bank filed a criminal complaint against Gopal S. Pandit, his daughter Sushma Pandit and Varija Shetty for cheating and defrauding the MCC bank to the tune of Rs.40 Lacs.

As per the complaint filed by Raj Menezes, General Manager of the bank in the court of Civil Judge & JMFC Moodbidri, MCC bank claimed that a land of 75 cents was legally mortgaged by Gopal S. Pandit and Sushma Pandit on March 30, 2009 and taken a loan of Rs.40 lacs on mortgage against deposit of title deeds. The mortgage was done at sub-registrar Moodbidri and original documents of the said land were handed over to MCC bank.

Gopal S. Pandit and Sushma Pandit failed to repay the said loan.

On January 16, 2014, Gopal S. Pandit sold the said land to Varija Shetty of Belvai, Karkala fully knowing that the loan has not been repaid and the original papers are lying with the bank. Varija Shetty on her part was also aware as per the sale deed executed on January 16, 2014 about the said mortgage on the said land. In spite of that all the three accused Gopal S. Pandit, Sushma Pandit  and Varija Shetty conspired and executed the sale deed illegally to defraud and cheat the bank.

The MCC bank came to know about this fraud when a criminal complaint was filed against Varija Shetty and Gopal Pandit by Pandit Health Resort & Spa at Moodbidri police station on March 20. As per the said complaint Pandit Health Resort & Spa are in the actual, legal and physical possession of the said land and their staff is staying on the same land for last many years.

The judge ordered the Moodbidri police station to register the FIR against Gopal S. Pandit, his daughter Sushma Pandit and Varija Shetty under section 420, 421, 422, 423, 468 read with IPC 34.

Several other cheating cases are already filed against Gopal S. Pandit at Moodbidri Police Station.