Police nab man for cheating banks | delhi | Hindustan Times
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Police nab man for cheating banks

delhi Updated: May 20, 2011 00:36 IST
HT Correspondent
HT Correspondent
Hindustan Times
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Delhi Police have arrested a man who used to obtain cheques from courier boys and encash them by depositing it in fake bank accounts.

Police said Sanjay, who goes by only one name, had prepared forged documents such a voter ID cards and driving licence to obtain original PAN Cards under various names. He used to take cheques from courier company employees and opened bank accounts in the same names written on the cheque.

"After opening bank accounts he used to obtain cheque books and ATM cards from banks and withdraw the cash," said Ajay Chaudhry, additional commissioner of police (southeast).

Sanjay was a loan agent in a bank but he lost his job. So far he has cheated banks, companies and individuals to the tune of Rs 22 lakh, police said.

He had earlier been arrested in cheating cases registered in Delhi and Noida as well as under the Gangster Act and hadn't appeared in any of the hearings.

Acting on a tip-off, the police arrested him from near Lady Sri Ram College when he came to meet his associates on a stolen motorcycle.

"He was apprehended by a police team as he neared the main gate of the college. On searching him, documents such as cheques in names of different people and companies and some PAN cards were recovered from him," Chaudhry added.

Police said when he was jobless, he came in contact with one Subhash who advised him about the procedure of collecting cheques from courier boys and preparation of fake documents.

In May 2009, he along with his associate Subhash cheated the State Bank of India to the tune of Rs 87,661, the police said.