Bank employee arrested for car loan fraud | delhi | Hindustan Times
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Bank employee arrested for car loan fraud

Based on secret information, the Delhi Police on Thursday arrested Naveen Shah, a private bank employee, for forging documents to provide car loans to customers.

delhi Updated: Apr 02, 2012 00:05 IST
HT Correspondent

Based on secret information, the Delhi Police on Thursday arrested Naveen Shah, a private bank employee, for forging documents to provide car loans to customers.

The police have also recovered three i10 cars, a laptop, a few pen drives, a HP printer-cum-scanner and six forged driving licences, among other things from him. Naveen was an agent working for HDFC Bank and was involved in providing car loans to the customers, the police said.

On Thursday, the police received information that Naveen will pass through the Mehrauli bus terminal in an i10 car and he had procured the vehicle by taking loan on forged documents. When the police asked him to produce the documents of the vehicle, he produced the photocopy of the RC which was issued in Momita Shah’s name, whom he claimed to be his wife. But in the RC she was shown as wife of Sunil Vats.

“During interrogation, Naveen disclosed that he had obtained loan from HDFC Bank by using forged documents,” said a police officer. Naveen used to contact people who needed car loans in the absence of required documents. He would forge document for which he would charge R10,000 from them.