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ABSCONDER ACCUSED ARRESTED FOR DUPING KARUR VYSYA BANK OF RS. 2 CRORES.

January 12, 2022 08:36 PM

THE ACCUSED ON THE BASIS OF FAKE/FORGED SALE DEED OBTAINED CREDIT LIMIT FACILITY FROM THE BANK. 

Accused in police net
New Delhi (Face2News)

Economic Offences Wing, Delhi Police has arrested one proclaimed person namely Ajay Arora S/o Surender Mohan Arora R/o 15/3, DLF Phase-II, Gurugram (HR) Age 52 years in case FIR No. 153/15 dtd. 18.11.2015 U/s 420/406/467/468/471/120B/174A IPC PS EOW, New Delhi. 

The present case was registered on the complaint of Sh. Anant Ghildiyal, Senior Manager, Karur Vysya Bank, Fatehpuri Branch, Delhi alleging therein that accused Ajay Arora had got sanctioned Credit Facility to the extent of Rs. 2 Crores against the security of equitable mortgage of the Ground Floor of residential property bearing No. K-5/34, Model Town, Delhi. He deposited an original registered Sale-Deed dtd. 30.05.2003 executed by one Siri Ram Aggarwal in favour of M/s Surya Construction pertaining to the Ground Floor of Property No. K-5/34, Model Town, Delhi.

Accused Ajay Arora was owner of K-5/34, Ground Floor, Model Town, Delhi and 7/3, Ground Floor, Roop Nagar, Delhi. He left his education in 1st year of B.A. from Khalsa Collage, DU North Campus, Delhi. His father was also in the wholesale business of Paints. He started this business in 1990 just after death of his father.The accused has been produced before the Hon’ble Court and one day police custody remand obtained. Further investigation of the case is in progress. 

Accused Ajay Arora had availed the Credit Facility and deliberately failed to repay the outstanding dues i.e. Rs. 2,16,83,864/-. Accused Ajay Arora cheated the bank by getting sanctioned the Credit Facility of Rs. 2 Crores by depositing the forged Sale-Deed of the already mortgaged property. 

After receiving the complaint from Karur Vysya Bank, Fatehpuri Branch, Delhi verification from Sub Registrar office was done and the Sale Deed of the mortgaged property was found fake/forged. Accordingly, the present case vides FIR No. 153/15 dtd. 18.11.2015 U/s 420/406/467/468/ 471/120B/174A IPC PS EOW, Delhi was registered.

Mr. Mohammad Ali, IPS, Deputy Commissioner of Police, Economic Offences Wing, said, during investigation it was revealed that accused Ajay Arora had got sanctioned a Credit Facility to the extent of Rs. 2 Crores against the security of equitable mortgage of the Ground Floor of residential property bearing No. K-5/34, Model Town, Delhi depositing an original forged Sale-Deed dtd. 30.05.2003 registered vide Document No.12715, Book No. I, Volume No. 3433 at page 47 to 52 dated 30.05.2003 purportedly executed by one Siri Ram Aggarwal in f/o M/s Surya Construction through its partner Ajay Arora pertaining to the Ground Floor of the aforesaid property and deliberately failed to repay the outstanding dues i.e. Rs. 2,16,83,864/.

From the certified copy of Sale-Deed received from the Sub Registrar, it was revealed that accused Ajay Arora had purchased undivided 1/3rd share of the built-up property No. K-5/34, Model Town, Delhi through a Sale-Deed executed by Siri Ram Aggarwal registered .

MODUS OPERANDI: The accused Ajay Arora in connivance with Branch Manager of Karur Vysya Bank, Fatehpuri Branch Delhi prepared the forged Sale-Deed and got sanctioned the Credit Facility of Rs. 2 Crores from the bank by depositing the above said forged Sale-Deed of the already mortgaged property. He also cheated some other banks i.e. Bank of Maharastra and SBI by using the same modus operandi.

During investigation efforts were made to arrest the accused Ajay Arora but he was absconding and changing his whereabouts. Meanwhile, he was declared Proclaimed Person on 29.03.2017 by the Court. On 08.01.2022, an information was received that he is running in J/C in Tihar Jail Delhi since 06.01.2022 in some other case of CBI which was registered on the complaint of Bank of Maharastra .Subsequently he was arrested in the present case on 10.01.2022.

During interrogation, it came to know that he was permanent resident of 7/3, Ground Floor, Roop Nagar, Delhi but after taking possession by SBI of the property he shifted to Gurugram in August 2016 and started residing in PG situated at Plot No. 9, Moti Vihar, Silkhora, Sector 41, Gurugram, (HR).

Accused person was also declared proclaimed person by the Courts in  four cases registered at Roop Nagar Police Station and one registered in CBI. B IPC, EO-I, CBI, Delhi 

A team consisting of SI Yad Ram, ASI Giriraj Prasad No. 1530/EOW in the close supervision of ACP Sh. Virender Thakran and over all supervision of Sh. K. Ramesh, Addl. DCP/EOW arrested the accused in the case. 

Accused Ajay Arora was owner of K-5/34, Ground Floor, Model Town, Delhi and 7/3, Ground Floor, Roop Nagar, Delhi. He left his education in 1st year of B.A. from Khalsa Collage, DU North Campus, Delhi. His father was also in the wholesale business of Paints. He started this business in 1990 just after death of his father.The accused has been produced before the Hon’ble Court and one day police custody remand obtained. Further investigation of the case is in progress. 

 
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