Police in Mumbai have arrested two college dropouts for posing as employees of a reputable real esate firm and cheating people out of lakhs of rupees over the last one year by promising to get them housing loans from the company.
The Ghatkopar police said Rakesh Ramesh Kadam, 28, and Amalam Kumar Nair, 30, residents of Tardeo and Belapur, would take the money saying it was towards processing fees. They even opened an office in Belapur and hired several employees, at Rs20,000 a month, to look for customers, police said.
The accused had earlier approached the real estate company’s employees posing as customers and had got the documents required for loans. The two then made duplicate copies with which they duped people, police said.
After the customers gave them money, the duo wouldn’t answer their calls. The matter came to light when some of the victims approached the company. The company then got one of its employees to pose as a customer and call the two to a hotel in Parel, where they were arrested. “We have recovered 12 credit/debit cards and several other documents that are meant for processing loans,” said an officer.
The two were produced in a Vikhroli court and has been remanded in police custody.
Senior police inspector Venkat Patil from Ghatkopar police station said the police were hoping all those who were cheated would come forward to complain against the two.