Cheats who assured easy loans arrested | india | Hindustan Times
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Cheats who assured easy loans arrested

Four people, including a woman, were arrested for allegedly cheating a large number of people to the tune of crores of rupees by promising them easy loans in south Delhi, police said.

india Updated: Aug 06, 2010 00:49 IST
HT Correspondent

Four people, including a woman, were arrested for allegedly cheating a large number of people to the tune of crores of rupees by promising them easy loans in south Delhi, police said.

The arrested have been identified as Sumit Sehgal (21), Lavkesh Thakral (23), Pooja Kashyap (24) and Gaurav Shukla (30). They were apprehended following investigations into a complaint filed by one Pradeep Kumar, who was cheated by the gang .

"They were cheating people on the pretext of providing them easy loans for study, business, property through various fictitious finance firms such as Kothari Finance, Manikaran Finance, Ruhi Finance and Sri Ram Finance opened by them on fake identities," said HGS Dhaliwal, deputy commissioner of police (south).

Police recovered Rs 85,000, a car, a motorcycle, laptop, 20 mobile phones used for making calls to customers, 47 SIM cards, 13 driving licences prepared on fake identity, six fake PAN cards, 15 ATM-cum-Debit Cards and several rubber stamps from them.

During interrogation, the officer claimed, it came to light that more than 300 persons of Hansi in Haryana's Hissar were involved in such frauds.

"It was further revealed that they used to initially create their fabricated identities with their original photographs on driving licences or voter identity cards. On the basis of fake PAN cards, they used to open saving accounts in various banks and further open several fictitious finance firms," he said.

Soon after, they would get an advertisement published in newspapers.

"Normally, they used to publish one advertisement for one month and thereafter they used to start firm with another name. As soon, they get cash from the targeted victim they either ignore his call or discourage the victim on one pretext or the other till their advertisement is being published in the newspapers and switched off their mobile connection thereafter," the officer said.