Couple in police net

Couple in police net - KOCHI: The city police on Thursday arrested a couple who sold their apartment without informing the private bank which had provided them a housing loan to buy the flat. Police said Thomas George Chembottil (49) of Chelannoor, Kozhikode, and wife Shalini Thomas (44) had availed a loan of Rs 6 lakh from the Girinagar branch of Federal Bank for buying the apartment. Later, they sold the flat to another person without the knowledge of the bank. The cheating came to light when bank officials conducted an inquiry after the duo failed to repay the loan. 
The accused had initially agreed to repay the loan in a one-time settlement, but when bank officials tried to contact them, they were inaccessible. The Kadavanthra police have registered a cheating case against the duo on a complaint filed by Federal Bank chief manager P T Sebastian. Police said that it was not possible to sell a property without the bank's knowledge if a loan has been availed for the same.The accused were arrested from an apartment at Chilavannoor. Police said the duo had sold another flat they bought in Vyttila in a similar manner. They were arrested by a police team led by Kadavanthra sub-inspector M B Latheef.

Home loan, Couple in police net


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