According to the police, the arrested accused have been identified as Jatin Prasad, Rajender Kumar alias Raja, and Sandeep Singh, all residents of Delhi and Haryana.
Representative Image (IANS)
The Economic Offences Wing (EOW) of Delhi Police has busted a loan fraud racket and arrested three men who allegedly duped the State Bank of India (SBI) of ₹4 crore by using forged property documents belonging to an unsuspecting Dwarka resident, an official said on Thursday.
According to the police, the arrested accused have been identified as Jatin Prasad, Rajender Kumar alias Raja, and Sandeep Singh, all residents of Delhi and Haryana.
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“The trio fraudulently used fake papers of a property located in Sector-12, Dwarka, to secure a ₹4 crore Cash Credit (CC) limit from SBI’s MG Road branch in Gurugram,” said Ravi Kumar Singh, Deputy Commissioner of Police (Economic Offences Wing).
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During the investigation, it was revealed that Sandeep Singh impersonated the property owner using forged PAN and Aadhaar cards. He was then illegally inducted as a Director in Zukito International Pvt. Ltd.
The accused subsequently mortgaged the forged property documents to obtain the loan, which was later siphoned off through personal and shell accounts.
“A sum of ₹60 lakh was allegedly paid as commission to the co-accused for arranging fake papers and facilitating the impersonation,” the officer stated.
Police added that Rajender Kumar, who has a criminal history involving robbery and theft cases, played a key role in procuring fake documents and coordinating the fraudulent transactions.
“Following technical surveillance and extensive field operations in Kaithal and Hisar (Haryana), the EOW team arrested the accused trio,” the DCP added.
Further investigation into the case is underway.
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