Man held for Rs3-crore fraud is wanted by CBI, say cops
Five days after a 36-year-old man was arrested for trying to get Rs3 crore bank loan using fake documents of a plot, the city police on Tuesday said the man has been on the CBI’s radar for a similar fraud worth Rs11 crore.gurgaon Updated: Mar 14, 2012 00:41 IST
Five days after a 36-year-old man was arrested for trying to get Rs3 crore bank loan using fake documents of a plot, the city police on Tuesday said the man has been on the CBI’s radar for a similar fraud worth Rs11 crore.
Prashant Kumar Tyagi was arrested on Friday in Gurgaon after VP Sachar, a doctor at Delhi’s Sir Ganga Ram Hospital and the real owner of the plot, had filed a complaint against him. “We got a call from the Economic Offense Wing (EOW) of the Central Bureau of Investigation (CBI), Delhi office. The agency is also looking out for this man for a fraud of R11 crore from Punjab National Bank (PNB),” said a senior police official.
Tyagi was produced in a city court and was sent to judicial custody till March 27.
The police recovered three arms licences, eight ATM cards and a Hyundai Accent car from Tyagi’s possession.
The residential plot, measuring about 1,000 sq yards, has a market value of Rs8-10 crore.
The police said Tyagi was using forged papers to raise a loan from Bank of India, MG Road, against the plot.
Tyagi claimed that Dr Sachar had sold him the plot. He applied for a home loan on February 10. He was about to get the loan, but a bank verification exposed the fraud.
Tyagi, who claims to run factories in Uttar Pradesh and Chhattisgarh, was arrested on Friday when he approached the bank.
Originally, his name has been registered as Kapil Kumar Tyagi, who is a resident of Bandipur in Muradnagar in Gaziabad. “His father has disowned him due to his activities. We are trying to find out whether Tyagi has duped more people,” said Jagdish Prashad, SHO, Sector 29 police station.