The Economic Offences Wing (EOW) of the Delhi Police on Thursday arrested a 37-year-old man for his involvement in double-mortgaging and forging property documents, an officer said.
According to police, the accused has been identified as Dheeraj Kumar alias Parvesh Sharma, who is the mastermind of a property fraud and double-mortgage racket that caused significant losses to nationalised banks.
“The accused had been on the run for nearly 15 years and was traced and arrested in Bharatpur, Rajasthan, after an extensive technical and intelligence-driven operation,” a senior officer said.
The case originates from a complaint registered on 15 March 2019 by Supinder Pal Singh, Senior Manager (A/R) of Oriental Bank of Commerce (now PNB).
During the course of the investigation, the police learnt that Kumar and his associates had forged the title documents of a property located in Pocket-12, Sector-20, Rohini, and fraudulently mortgaged it with two nationalised banks, leading to a loss of Rs 44.95 lakh to the lenders.
“Kumar had been evading arrest by repeatedly changing his name and creating fake identities,” a police officer said.
“He first assumed the identity of Parvesh Sharma and even altered his Aadhaar details multiple times to match the forged documents used in the loan fraud. Later, he again changed his identity back to Dheeraj Singh to avoid detection,” the officer added.
The EOW officials employed a multi-layered investigative strategy, leveraging digital surveillance, background profiling, and coordinated intelligence inputs.
“The team’s effort revealed online activity linked to the forged identity, helping investigators zero in on his location,” the officer said.
Following sustained surveillance, the accused was ultimately tracked down and arrested at a rented accommodation in Bharatpur.
Dheeraj, originally from Vijay Nagar, Bharatpur, had shifted to Delhi in 2007 for a computer diploma and later became involved with co-conspirators engaged in illegal loan schemes.
“He allegedly executed forged sale deeds, created fake property title chains, and opened bank accounts to channel loan proceeds,” the police said.
EOW is currently investigating the network of accomplices and their involvement in additional fraudulent activities.