BIRMINGHAM, Ala. — A former sales manager at Serra Nissan, Abdul Islam Mughal, was indicted Oct. 4 by a federal grand jury for bank fraud. Mughal was accused of devising a scheme to defraud Capital One Auto Finance, reports MyFoxal.com.
Since April, the dealership has been under investigation for falsifying costumer loan documents and submitting the fraudulent information to various financial institutions to obtain auto financing. Mughal pleaded not guilty and was released on a $5,000 bond.
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