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DELHI EOW NABS ABSCONDING ACCUSED CHEATED THE FINANCE COMPANY BY FORGING DOCUMENTS OF FINANCED CARS TO SELL TO GULLIBLE CUSTOMER.

January 25, 2022 06:54 PM

Accused in police net
New Delhi (Face2News)

Economic Offences Wing (EOW) of Delhi Police has arrested accused Pramod Singh S/o Ved Prakash R/o Laxman Vihar, Phase-I, Gurgaon, Haryana-122006, aged 42 yrs in Case FIR No. 04/18 Dated 04/01/18 U/s 420/406/467/468/471/120B IPC PS EOW N.Delhi for cheating by forgery of Hypothecated documents for financed cars.

The present case was registered on the complaint of company M/s Daimler Financial Services India Pvt. Ltd. having registered office at Chennai and its dealership office at T & T Motors Limited, GA-2, B-1 Extension, Mohan Co-operative Industrial Estate, New Delhi (showroom of Mercedes-benz car) provides financial services.

Alleged Pramod Singh initially took a loan of Rs.27,50,000/- to purchase Mercedes-benz C-220 CDI. He initially paid installments, developed trust and took 4 more loans to purchase Mercedes-benz cars and stopped paying installments after paying few Installments/EMI. Total outstanding amount is Rs.2,18,34,853.

Chhaya Sharma, IPS, Jt. Commissioner of Police, Economic Offences Wing,   said, during the course of investigation it was revealed that the accused purchased 05 Mercedes Cars over the period of 03 years which were financed by the complainant company M/s Daimler Finance Ltd .Initially he paid the installments and won over the trust of the finance company .Then he stopped paying installments and with the help of transport authority officials delete the HP status of some of the vehicles and sold one of the car through second hand car dealers without taking NOC from the financer company.

It is also alleged that accused removed the name of the complainant company as financier from Registration certificates of the vehicles by forging the documents despite the vehicles were hypothecated and financed by the complainant company. Hence, the above mentioned case was got registered. Accused Pramod Singh was absconding for the last 02 years and NBWs have been issued by court against him. He was arrested from Gurgaon on 24/01/22 after long chase and surveillance.
Registration of the case

Present cases has been registered in EOW vide FIR No. 04/18 Dated 04/01/18 U/s 420/406/467/468/471/120B IPC PS EOW New Delhi on the complainant of Daimler Finance Ltd .

Chhaya Sharma, IPS, Jt. Commissioner of Police, Economic Offences Wing,   said, during the course of investigation it was revealed that the accused purchased 05 Mercedes Cars over the period of 03 years which were financed by the complainant company M/s Daimler Finance Ltd .Initially he paid the installments and won over the trust of the finance company .Then he stopped paying installments and with the help of transport authority officials delete the HP status of some of the vehicles and sold one of the car through second hand car dealers without taking NOC from the financer company.

MODUS OPERANDI: Accused Pramod Singh financed the Mercedes cars and sold the vehicles after fraudulently removing HP of complainant company with the help of forged documents.

The accused Pramod Singh was absconding for the last 02 years to avoid investigation. On continuous efforts one breakthrough came and it revealed that he would visit Gurugram on 24/01/22 the information was developed and he was arrested on 24/01/22 from Gurugram.

A team comprising of Sub Insp. Shiv Dev Singh, SI Prabhat and Ct Rajpal was constituted, who arrested the accused person in the close supervision of ACP Sh. Nageen Kaushik and overall supervision of Sh. Rajeev Ranjan DCP/EOW.

Accused Pramod Singh basically hails from Gurgaon. His father is an Ex Serviceman. After passing 12th Class, he did ITI Diploma in Draftmenship. Thereafter, he entered into the field of providing transportation to call centres in Gurugram and had fleet of cars but due to introduction and closure of some companies in 2016, he suffered huge losses and to recover his losses, he forged the documents of some of the financed vehicles and got removed the HP as the Hypothecated /financed vehicle could not be sold without NOC from the financer.

 

 
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