Gang dupes banks with fake papers, busted
11 Jun 2012 1:11 AM GMT
A gang that had applied for loans from banks in the NCR using fake documents has been busted by the Noida police. So far, the police has traced 130 fake accounts held by the gang members in different nationalised and private banks and confiscated 27 credit/debit cards from them. The police chief of Noida has also written to the Reserve Bank of India [RBI] as these banks were found violating several norms set for opening accounts and sanctioning loans.
The police has also arrested three members of the gang, identified as Hemant Sharma alias Tanuj Sharma, Ashutosh alias Rakesh and Prakash alias Amit alias Saurabh. The accused, in their mid-20s, are the residents of Noida and Greater Noida.
Ashutosh is a graduate while Hemant and Prakash have passed Class X. Hemant used to work as a verification agent and Prakash assisted in opening the accounts. Ashutosh runs an NGO and a small production house. The police has also recovered Rs 40,600 in cash from their possession. They were arrested on Saturday night from Ram Lila ground in Noida. The cyber cell of Noida Police started the investigation into the case after HDFC bank in Greater Noida registered an FIR against unidentified people for duping them of Rs 10 lakh in a fraud loan case.
‘The gang members used fake documents that identified them as being employed with big companies and drawing salaries of Rs 1-1.5 lakh per month to get loans from various national and international banks in Noida, Delhi and other areas in NCR. We have written to RBI as these banks were found flouting many guidelines,’ said Praveen Kumar, Senior Superintended of Police [SSP] of Noida.
‘There may be 8-10 more people involved and the amount of scam could be anywhere between Rs 10 crore and Rs 12 crore,’ said Kumar. The case has been registered in various sections of forgery and IT Act.
‘Such a large-scale scam in not possible without the connivance of the bank officials, couriers and verification agents. We are investigating the matter and soon more arrests will be made,’ added Kumar.
The target banks have been identified as Axis Bank, IDBI, RBS, HDFC, Kotak Mahindra and ICICI Bank. During investigation, the police discovered that the email accounts were created on fake names. The police has also claimed that the gang was involved in a Rs 10 lakh loan fraud in Rajouri Garden.
The police has also arrested three members of the gang, identified as Hemant Sharma alias Tanuj Sharma, Ashutosh alias Rakesh and Prakash alias Amit alias Saurabh. The accused, in their mid-20s, are the residents of Noida and Greater Noida.
Ashutosh is a graduate while Hemant and Prakash have passed Class X. Hemant used to work as a verification agent and Prakash assisted in opening the accounts. Ashutosh runs an NGO and a small production house. The police has also recovered Rs 40,600 in cash from their possession. They were arrested on Saturday night from Ram Lila ground in Noida. The cyber cell of Noida Police started the investigation into the case after HDFC bank in Greater Noida registered an FIR against unidentified people for duping them of Rs 10 lakh in a fraud loan case.
‘The gang members used fake documents that identified them as being employed with big companies and drawing salaries of Rs 1-1.5 lakh per month to get loans from various national and international banks in Noida, Delhi and other areas in NCR. We have written to RBI as these banks were found flouting many guidelines,’ said Praveen Kumar, Senior Superintended of Police [SSP] of Noida.
‘There may be 8-10 more people involved and the amount of scam could be anywhere between Rs 10 crore and Rs 12 crore,’ said Kumar. The case has been registered in various sections of forgery and IT Act.
‘Such a large-scale scam in not possible without the connivance of the bank officials, couriers and verification agents. We are investigating the matter and soon more arrests will be made,’ added Kumar.
The target banks have been identified as Axis Bank, IDBI, RBS, HDFC, Kotak Mahindra and ICICI Bank. During investigation, the police discovered that the email accounts were created on fake names. The police has also claimed that the gang was involved in a Rs 10 lakh loan fraud in Rajouri Garden.
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