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Kotak Mahindra Bank loan officer arrested

Mumbai: A loan officer working with Kotak Mahindra Bank was arrested Saturday after a Lonavala-based hotelier accused certain officials of the lender of cheating and forgery.

The arrested individual has been identified as Alankar Khare, who was produced before a local court that remanded him to police custody for two days.

The Lonavala city police registered a first information report (FIR) against several Kotak Mahindra Bank officials that included Valy Fernandes, Samprat Kamat, Amber Darbari, Pramod Krupal, Alankar Khare and Abhijeet Magar.

Managing director Uday Kotak was also named in the hotelier’s FIR, but Pune (rural) superintendent of police Abhinav Deshmukh told ET that Kotak had so far not been asked to join the probe, and that the police didn’t feel the need to reach out to him.

Kotak Mahindra Bank has denied all allegations.

“A borrower at our Lonavala Branch has filed an FIR naming Kotak Mahindra Bank officials at the Lonavala Police Station wherein he has made false allegations in the context of his borrowing transactions. The bank acted in accordance with the prevailing law and processes at all times. We are cooperating with local authorities,” a bank spokesman said.

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