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Loan scamster on the run

Padma Bhat pulled off quite a scam while pretending to run an old age home in Nagadevanahalli. She took loans from several banks by
pledging fake documents but, her luck has run out and the Chandra Layout police are now searching for her.

Since 2005, she has taken loans to the tune of Rs 20 lakh from Vijaya Bank in Chandra Layout. The crime came to light when bank officials went to seize the property, which the defaulting Padma had pledged with them. But, they realized the documents are fake.

When they filed a complaint with the Chandra Layout police, it came to light that she'd taken loans of Rs 30 lakh from HDFC Bank and Rs 25 lakh from KSFC too. The police figured out that Padma had managed to get loans from several financial institutions by pledging the same documents and the total amount could be around Rs 7 crore.



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