By IANS,
New Delhi : Five people were arrested here for allegedly obtaining loans using fake documents and cheating banks for crores of rupees, police said Friday.
Kingpin Jitesh Keshwani, Manish Choudhary, Sandeep Choudhary, Rajesh Kumar and Rahul were apprehended Thursday from their residences in central Delhi after Lalit Kumar, a west Delhi resident, filed a complaint.
“They are involved in many cases of duping banks by obtaining auto loans on the basis of fake documents,” Additional Deputy Commissioner of Police Parwaiz Ahmed said.
“They used to impress the bank managers with their fluent English speaking skills.”
During investigation, it was revealed that the men had obtained 34 auto loans worth Rs.2.34 crore using fake documents from a public sector bank in East Patel Nagar.
“Lalit Kumar had applied for a personal loan. He came in contact with Rahul and Jitesh, who promised to get him the loan and asked him for his documents. Rahul, Jitesh and their associates took him to Allahabad Bank in East Patel Nagar where they asked him to sign the account opening form March 9,” said Ahmed.
When Lalit Kumar was about to sign, he found the application form had a fictitious name and some fake documents were attached to it. So, he refused to sign.
“However, they compelled him to sign the auto loan application form and the account opening form that had fictitious names with his photograph affixed,” said Ahmed.
When he realized that he had been cheated, he reported the matter to police.
“Jitesh earlier worked as an auto loan executive at Direct Sales Associate and was aware of the loopholes involved while obtaining auto-loans,” Ahmed said.
Police have recovered luxury cars, 15 national and international SIM cards, cash worth lakhs of rupees and fake documents from their possession.