College employee accuses husband of forging her signature, securing ₹25 lakh loan

A woman from Ahmedabad has lodged a complaint at Vastrapur police station, alleging that her husband and a financial agent colluded to fraudulently obtain a ₹25 lakh loan against their jointly owned home by forging her signatures.

The complainant, identified as Maroonam Gypsy, lives in Goyal Intercity, Thaltej, and works as an associate in the HR department of St Xavier’s College. She has accused her husband Jojo George and Mayur Bhanubhai Upadhyay, a director at Pramay Advisory Services Pvt Ltd, of orchestrating the fraud without her knowledge.

Forgery and fraud

According to the complaint, between September 18, 2019 and November 7, 2019, Jojo George and Upadhyay allegedly forged Gypsy’s signatures on multiple financial documents to secure a mortgage loan of ₹25 lakh from IDFC First Bank. The documents were then presented as genuine to the bank and the Sub-Registrar’s office in Ahmedabad (Bopal).

Gypsy claims she only discovered the loan on April 19, 2021 when representatives from IDFC First Bank arrived at her residence, informing her that the property was at risk of foreclosure due to non-payment of loan instalments. Upon confronting her husband, George allegedly admitted to taking the loan but refused to provide any documents.

Following this revelation, Gypsy approached IDFC First Bank to request loan documentation, which was denied. Despite her efforts, the bank proceeded with recovery proceedings.

Legal action initiated

After learning of further financial discrepancies—including a gold loan taken against jewellery from their joint locker—Gypsy sought legal assistance. A formal notice was sent to IDFC First Bank on January 4, 2022, challenging the legitimacy of the mortgage loan.

On August 28, 2024, Gypsy returned home from work to find a possession notice from IDFC affixed to her residence, notifying her that the bank would seize the property due to non-payment of the loan. She then filed a complaint at Vastrapur police station, seeking legal recourse against her husband and the financial agent.

Probe underway

Vastrapur police have registered the case and launched an investigation under relevant sections of the Indian Penal Code related to fraud, forgery, and financial misrepresentation. Authorities have confirmed that the alleged forgery involved notarised documents, including a general power of attorney and mortgage agreements, which were submitted without Gypsy’s consent.