12 held for cheating students of Rs 45 lakh | delhi | Hindustan Times
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12 held for cheating students of Rs 45 lakh

The Delhi Police have arrested 12 persons, including eight women, for cheating students on the pretext of providing them with education loans.

delhi Updated: Mar 28, 2012 01:01 IST
HT Correspondent

The Delhi Police have arrested 12 persons, including eight women, for cheating students on the pretext of providing them with education loans.

Police claimed that the gang has cheated over 300 students of Rs 45 lakh.

The gang operated by giving advertisements in newspapers, and calling loan seekers from an office especially set up for the purpose.

The gang was busted after a student, who had sought a loan for a hotel management course, filed a complaint with the crime branch.

“He had seen a newspaper advertisement promising loans. When he called, a woman executive told him that Rs 3 lakh could be arranged for him. She directed him to send his education qualification documents via email and debit Rs 250 in an account. Later, he was told to deposit Rs 5,000 in an SBI account to enable them to verify the documents,” said Ashok Chand, DCP (crime).

After the complainant deposited the amount, the woman told him that his loan had been approved and their agent would deliver a demand draft of Rs 3 lakh at his house. But first, she told him that he would have to deposit Rs 10,000 as insurance against the loan. “Like this, the gang used to take Rs 25,000 to Rs 30,000 per student,” Chand added.

During investigations, it came to light that forged documents had been used to procure the mobile numbers and open the bank accounts.

A police team led by additional DCP Joy Tirkey and head constable Amit Tomar managed to track down the accused —Sandeep Kakkar, 25, and his brother Vishal Deep Kakkar, 22 — in Rohini, sector 8.

Their interrogation led to the arrest of Sandeep Bajaj, 25, and Ram Avtar, 27. Bajaj, a graduate from Delhi University used to open bank accounts for gang members and take commission for the job. The women who were arrested have been working as telecallers.