Fir registered against companies taking loans from HDFC submitting forged papers

A case has been registered against two companies for allegedly taking loans to the tune of Rs 120 crore from HDFC Bank by furnishing forged documents, police said Saturday.

According to an FIR lodged in the case, the companies owned by Rash Pal Singh Todd and Mandhir Singh Todd got loans to the tune of around Rs 120 crore using fake and forged documents.

The FIR was lodged following a complaint by the bank's Assistant Vice President Sanjay Sharma on Thursday, they said. The two companies dealing in high-end luxury cars from their showroom and office in Sector 53, Gurugram used fake documents to avail loan from the bank, stated the FIR.

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