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DELHI POLICE ARRESTED THREE ACCUSED FOR OBTAINING LOAN OF RS. 2.56 CRORES BY USING FORGED PROPERTY DOCUMENTS

October 14, 2020 08:59 PM

ACCUSED EVADING INVESTIGATION AND ABSCONDING WERE ARRESTED FROM NOIDA AFTER CONCERTED EFFORTS.  

New Delhi (Face2News)

Economic Offences Wing of Delhi Police has arrested absconding accused Rohit Bhutan, Subhash Bhutan and an woman in case FIR No. 215/18 dated 17.10.18 u/s 406, 420, 467,468,471, 120B IPC PS EOW for duping the complainant financial institution by obtaining loan of Rs. 2.56 Crores by re-mortgaging the property with forged documents.

Dr. O.P. Mishra,  IPS, Joint Commissioner of Police, Economic Offences Wing, said, it has been stated that the accused Rohit Bhutan and others, resident of E-91 Ground Floor, Block-E, Preet Vihar, New Delhi-92 are the borrower of the complainant company i.e., Cholamandalam Investment & Finance Co. Ltd. and availed loan facility of Rs 2,55,60,613/- from the complainant company. The said loan was availed by the accused against creation of equitable mortgage of the property i.e. E-91, Block-E, Preet Vihar, New Delhi with averment being the absolute owner of the property and it is free from all the encumbrances.

Rohit Bhutan
That after conducting the due diligence and verification, the complainant company disbursed the loan of Rs 2,55,60,613/- to accused persons. Soon after the disbursal of the loan amount, accused persons started defaulting in the repayment of the said loan. On default, Complainant Company conducted the physical inspection of the mortgaged property and came to know that the property was already mortgaged to ICICI Home Finance and loan to the tune of Rs. 55 Lakh was already taken by accused for mortgaging the same and thereby cheated the complainant.

Investigation:-The investigation has revealed that accused persons initially on 30.05.2009 took the loan from ICICI Home finance and mortgaged the property i.e. E-91 Preet Vihar, Delhi and subsequently on 28/02/2015, he again availed the loan from the complainant company by mortgaging the same property by creating forged documents. At the time of availing the loan from the complainant company, accused persons concealed the fact that the property was already mortgaged to another financial institution. Loan files of both the financial institutions including forged Conveyance Deed were seized. Bank account of accused was also got freezed for debit facility. The accused persons were deliberately evading the process of investigation from the initial stage by changing their residential addresses.

Arrest and the team:Accused persons were absconding and they were evading their arrest deliberately by shifting from the given address. Information was developed and the sources were deployed. A police team comprising of Insp. Ashutosh, SI Chanchal, ASI Ramesh, HC Nagender and W/Ct Dolly was formed under the supervision of ACP Nageen Kaushik ACP/Section V/EOW. On the basis of secret information and concerted efforts, the team successfully traced the present address of the accused persons at NOIDA where accused Rohit Bhutan, Subhash Bhutan and an woman were arrested on 13.10.2020. The accused persons are being produced before the Ld. Court. Further investigation is in progress.

 
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