Man held for conning using loan promise

The central district police on Saturday arrested a 52-year-old man for cheating people on the pretext of providing bank loans on cheap rates.

The central district police on Saturday arrested a 52-year-old man for cheating people on the pretext of providing bank loans on cheap rates.

Police said the man posed as an executive of a private bank and duped people.

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Mahesh Kumar Thapar, a resident of Peera Garhi Camp, was arrested after a complaint lodged by Karol Bagh resident Indumati Jha. He had duped her of R45,000 on the promise of a bank loan, said police.

Devesh Chandra Srivastava, additional CP (central), said Thapar has earned lakhs of rupees by fooling people and charging them between R40,000 to R50,000 for each loan.

“Thapar targeted people who were poor and needed loan. He used to advertise in newspapers claiming that he could provide loans at low rate of interest and charged a processing fee,” Srivastava said.

“Since Thapar had experience as a sales person, he used to interact with several people and through this, he came to know about people who needed help.”

“After winning their trust, he would demand a processing fee. He would later switch off his cell phone,” Srivastava said. The complainant had contacted Thapar after seeing his advertisement in a newspaper.