2 fraudsters held for duping people
NEW DELHI: Two fraudsters who duped hundreds of people by promising them easy loans were arrested by Delhi Police Crime Branch. They have been identified as Satish Dhingra, a Ghaziabad resident and Ratnakar Lal, a resident of Govindpuri in Delhi.
Police said that the accused had multiple bank accounts where they asked victims to deposit the money. 16 ATM cards of different banks have also been seized from them.
Satish Dhingra is a notorious cheat who had formed his own loan consultant firm in the name of Success Financial Service (Regd.) and started dealing in personal, car, consumer and home loan etc. On the pretext of giving loans he collected processing charges and other commissions. They used to target selected clients and offer them more than the required loan amount, assure them of providing easy loans on minimum interest rates. They would ask the victim to deposit some amount in a bank account as a processing fee but later on linger the disbursal of sanctioned loan amounts by showing fabricated documents of ED and other agencies mentioning that amount of Rs 2.75 crore is seized by them and will be released soon. "As soon as they get the maximum cash from the targeted victim they either ignore their calls or discourage the victim on one pretext or the other till office is shifted and switch off their mobile connection thereafter, Ratnakar Lal, the co-accused, claimed to be a CA, prepared every fabricated document required for the loan processing and in lieu of this he gets hefty commissions from the accused Satish Dhingra," said Rajiv Ranjan, Additional DCP Crime Branch.