Millennium Post

Conmen who promised loans & duped people held

Delhi Police Crime Branch have arrested two persons who were involved in cheating numerous people on the pretext of providing them loan through a finance company. According to the police, in 2014, the accused had cheated a Chhattisgarh resident of Rs 12 lakh who allegedly committed suicide along with his wife and son due to “shock”.

According to the senior police officials of the Crime Branch, the arrested accused have been identified as Surjeet Singh and Sushant Basak. “In May 2014, the duo called one Manish Jaiswal through their Delhi-based company called Citizen Finance Company, offering him a loan through their finance company. Convinced, Jaiswal had reportedly paid Rs 12 lakh as the “processing fee” for getting a loan of Rs 25 lakh by the company. Months later, on December 23, 2014, Manish received a call from the company asking him to pay an additional Rs 3.50 lakh else his “loan files” would be closed,” police said.

Police further said that in the aftermath of this financial loss, extremely shocked and due to fear, Jaiswal along with his family took the extreme step and committed suicide.

According to a senior cop from the Crime Branch, in light of this incident, a case under relevant sections of the IPC was registered in Durg in Chhattisgarh and a reward of Rs 10,000 was announced on the arrest of Singh and Basak by the SSP there.

Police said that on September 2, they received a tip-off that Surjeet Singh and Sushant Basak will be coming to a bus stand near Kashmere Gate ISBT. Based on this information, a trap was laid and the duo were arrested.

Senior police official of the Crime Branch said: “During interrogation, they admitted to cheating Jaiswal and other persons by offering them loan on easy terms. Singh and Basak set up Citizen Finance Company in 2014 and were allegedly involved in cheating people. They used to demand processing fee for sanctioning the loans and as soon as the amount was deposited to their bank accounts, they would switch off their phones and go underground.”
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