KES head takes loan of Rs 4.94 Cr using forged documents

Lokmat News Network

Chhatrapati Sambhajinagar: A case has come to light against Mazhar Khan, the controversial president of Kohinoor Education Society (KES) in Khuldabad, and secretary Asma Mazhar Khan, wherein they mortgaged the institution's property using forged documents, without obtaining permission from the Charity Commissioner's office, and took a loan of over Rs 4.94 crore.

The loan amount was then transferred from the institution's bank account to their personal accounts. A case was registered against both of them and others at City Chowk Police Station on Wednesday.

Based on a complaint lodged by Zeba Idris Khan at City Chowk Police Station, the KES was founded in 1992 by her father Idris Khan, and the institution runs two colleges. The complainant and her husband, Mohsin Anwar Khan are life members of the institution. A complaint was filed with the Police Commissioner on November 24, 2025, alleging that a loan of Rs 4.94 crore was sanctioned against the institution's property using forged documents and was used for personal financial gain.

During the investigation of this complaint, it was found that Mazhar Khan and Asma Khan obtained a loan of Rs 2,94,20,399 from a private bank by mortgaging 55 R at Gut No. 21 of Mauje Badalabai, and a further loan of Rs 2 crore from another private financial firm by mortgaging 1.35 hectare land in Mauje Badalabai, Gut No. 20 and 1.21 hectare in Mauje Nandabad, Gut No. 39.

For this purpose, forged signatures and seals of the Charity Commissioner's office were used. Approval from the Charity Commissioner's office was not obtained for taking loans from either institution.

Additionally, the loan amount was transferred from the institution's bank account to personal accounts. It is stated that this constitutes fraud against both the institution and the Charity Commissioner's office. Senior Police Inspector of the Crime Branch, Sambhaji Pawar, is conducting further investigation.

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12 cases registered against Mazhar Khan

A total of 12 cases were registered against Mazhar Khan, the institution's head, at various locations, with the majority involving fraud. The cases involving forged degrees were registered in Bengaluru (Karnataka), Jaunpur (Uttar Pradesh), and at Begumpura Police Station in the city. Mazhar was arrested in all these cases. Cases are also registered at MIDC Cidco, Khultdbad, City Chowk, Harsul, and Kranti Chowk police stations.

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Currently lodged in Jaunpur Jail

Mazhar Khan had obtained membership of the Bar Council of India using a forged degree from a college in Jaunpur. After the Supreme Court rejected his bail in this case, Mazhar Khan surrendered. He is currently lodged in the Jaunpur jail, according to sources.