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DELHI POLICE EOW SOLVED CHEATING CASE OF 20 CRORES BY ARRESTING GANG OF CHEATS BELONGING TO ONE FAMILY

October 24, 2020 03:34 PM

CHEAT FAMILY MORTGATED THE PROPERTY WHICH WAS AQUIRED BY DELHI METRO TO SEVERAL BANKS BY CREATING FORGED CHAIN OF DOCUMENTS.


  New  Delhi (Face2News)

Economic Offences Wing, Delhi Police arrested four members of one family Ashwani Arora, Vijay Arora and their wives in case FIR No 124/2016 of PS EOW. 

Dr. O.P. Mishra, IPS,Jt. Commissioner of Police,Economic Offences Wing,said the present case was registered on the complaint of Zonal Manager, Punjab & Sind Bank, Industrial Area, Phase-I, Nariana, New Delhi. The Complainant Bank alleged that M/s Riya Enterprises availed ODP (Overdraft against Property) limit of up to 70 lacs. This limit was released against the equitable mortgage of property No.1/424/46 G.T. Road Shahdara, Friends Colony, Delhi which is in the name of Ashwani Kumar who is also the guarantor in this loan. These limits were granted by Punjab & Sind Bank, Karol Bagh, Delhi.

Further, M/s Kunj Aluminium Pvt. Ltd. (proprietor Vijay Kumar and his wife) over the years availed ODP limit of Rs.225 lacs on 20.12.2011. These limits were got released against the equitable mortgage of property No.1/424/49A & 50A Friends Colony Delhi which are in the name of Ashwani Kumar and the guarantors are Vijay Kumar, his wife and Ashwani Kumar. These limits were granted by Punjab & Sind Bank, Karol Bagh, Delhi.

During investigation efforts were made to find out the present whereabouts of all the accused persons. In order to evade their arrest, accused persons left their house and stopped contacting any of their relatives. They started living at different places and keep moving from one place to other. They were absconding deliberately to avoid their arrest. However, with the persistent efforts of the team, these accused persons were arrested from their hideouts from different places in Ghaziabad and Delhi through simultaneous raids conducted by the team.

Another firm of family M/s Madhav Enterprises (proprietor Ashwani Kumar) availed ODP limit of Rs.50 lacs on 28.04.2011 followed by adhoc limit of Rs.15 lacs against the equitable mortgage of property No.1/5875 Village Chandravali, Kabool Nagar, Loni Road, Shahdra, Delhi which is in the name of Ashwani Kumar and his wife are the guarantors in this case. This limit was granted by Punjab & Sind Bank, Kailash Colony, Delhi. These above named persons also availed home loan, car loan, personal loan and loan against LIC policies. Later on, complainant bank gave in writing that car loan and loan against LIC have been adjusted in the meantime.

The complainant bank alleged that the properties were already mortgaged with other banks. Hence, after enquiry the case was registered and investigation was taken up.

Mr. Mishra further said, team consisting of ACP Sh. Virender Sajwan, Inspr. Ganpati Maharaj, Insp. Pradeep Rai, SI Shikhar, Ct. Anuj, Ct. Aditya, W/HC Laltesh was formed under the overall supervision of DCP/EOW, Sh. Mohd. Ali, IPS. 

During investigation, it emerged that all the accused persons hatched a criminal conspiracy and prepared forged chain of property papers and on the basis of these forged chain of documents they succeeded to register the property fraudulently before the Registrar Office either in their name or in the name of their interested persons. Further on the basis of these chain of forged documents they availed loan multi time on same property from many banks. By the same modus operandi they succeeded in availing loan from the complainant bank and after some time they stopped the payment of interest to the Bank and duped the complainant bank to the tune of Rs. 6 Cr. approx. During investigation it was found that accused persons not only multi mortgaged the properties but also availed loan on the property which was already acquired by the DMRC.

Modus Operandi: Accused persons in well planned manner conspired and all the accused formed firms/company and created alibi for taking loan. Thereafter, they created multiple sets of chain of documents of same properties and on the basis of this chain of documents availed loan from various banks.

The banks which have been duped by the accused persons are Bank of Baroda, Punjab National Bank, Syndicate Bank, Karnatka Bank and OBC Bank. In addition to the present case, these banks have been duped for more than 20 crores by these accused persons.

They prepared forged chain of property papers and on the basis of these forged chain of documents they succeeded in registering the property fraudulently before the Registrar Office either in their name or in the name of their interested persons. These accused persons also created multiple identities by changing their names and parentage. They also created multiple identity papers in order to evade the scrutiny process adopted by these banks. During investigation it is found that accused persons not only multi mortgaged the properties but also availed loan on the property which was already acquired by the DMRC.

During investigation efforts were made to find out the present whereabouts of all the accused persons. In order to evade their arrest, accused persons left their house and stopped contacting any of their relatives. They started living at different places and keep moving from one place to other. They were absconding deliberately to avoid their arrest. However, with the persistent efforts of the team, these accused persons were arrested from their hideouts from different places in Ghaziabad and Delhi through simultaneous raids conducted by the team.

 
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