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Husband-wife duo booked for cheating bank: Delhi Police

New Delhi: The Economic Offences Wing (EOW) of Delhi Police have registered a case against two persons said to be husband-wife for allegedly cheating a bank in Delhi.

The complainant told the investigating agency that two persons cheated the bank by availing from its credit facility of Rs 2.5 crore followed by enhancing the limit to Rs 3.25 crore after getting converted the credit facility to term loan on the basis of hypothecating stock and mortgaging the commercial property without roof rights situated in Lajpat Nagar.

The complainant further told the investigating agency that in 2012, the said credit facility of Rs 2.5 crore was provided by the bank.

After some time on the request of the partners (both suspects) their limit enhanced to Rs 3.25 crore by way converting the said credit facility to the term loan.

For some time, they paid their installments on time and thereafter suddenly stopped payment to their due installments.

Accordingly, as per banking rules, several requests and reminders for payment of their due installments were made/sent to the above-mentioned borrowers and eventually their account was declared as non performing asset (NPA).

The complainant bank having left with no other option, initiated recovery proceedings. During course, it was found that the same property has been mortgaged by the borrowers to another bank.

Certainly, the act of the borrowers of mortgaging the same property as multiple places for the purpose of multiple finances amounts to forgery of title deeds and cheating with the complainant bank for causing themselves unjust and wrongful monetary gains whereby causing corresponding monetary losses to the bank.

Police said from the content of the complaint which was received from the complainant claiming himself regional manager of bank and the enquiry conducted so far, a prima facie offence under sections 420 (Cheating and dishonestly inducing delivery of property), 467 (Forgery of valuable security, will, etc), 468 ( Forgery for purpose of cheating), 471 (Using as genuine a forged 1[document or electronic record]) and 120 B (Punishment of criminal conspiracy) of Indian Penal Code is found to be committed.

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