2 bank officials, 6 others booked for property fraud | india | Hindustan Times
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2 bank officials, 6 others booked for property fraud

india Updated: Feb 20, 2012 01:20 IST
Leena Dhankhar
Leena Dhankhar
Hindustan Times
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At least eight people, including two bank officials, have been booked in a Rs 44-lakh property fraud case.

According to police, they found the involvement of eight people during an investigation of a case registered in December last year.

The case was lodged after the city police’s economic offence wing probed the registration of a sale deed of a 200 sq yard plot in the name of Dharmendra Sharma and his wife Anu.

The couple, residents of Adarsh Nagar in Gurgaon, prepared fake documents to get a loan of R44 lakh from the Sector 4 branch of the Allahabad Bank with the help of its loan officer Mahavir Singh and assistant general manager Surya Narayan Shah, the police said.

The duo also hired two fake witnesses and produced a woman as the owner of the plot before the registrar office to get the sale deed approved.

The original owner of the Patel Nagar plot is Dharamwati, a resident of Dhundahera near Delhi border. She was unaware of the deal, the police said, adding that one of the witnesses, Amit Kumar, has been arrested.

The couple opened an account in the Indian Overseas bank at Sohna Road. As the loan was cleared from Allahabad Bank, the amount was transferred in the new account through two cheques of R12 lakh each and another of R20 lakh.

The police are now looking for another witness Sanjay Joon, the woman, and advocate Manish who helped them in forging electricity bills and other documents required for the sanctioning of bank loan.