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Man tries to dupe bank posing as friend of Jaitley’s son, held

A 28-year-old youth has been arrested for allegedly trying to obtain a Rs 7 crore loan from a leading government-owned bank after posing as a close friend of Union Minister Arun Jaitley’s son, police said on Monday.

The accused, identified as one Japjeev Singh Chaddha, a resident of suburban Santacruz, was arrested on Sunday under Sections 419 (cheating by personation) and 420 of IPC, Crime Branch Inspector Nandkumar Gopale said on Monday. ‘Chaddha was produced before court, which remanded him in police custody till Thursday,’ Gopale added.

An FIR in connection with the case was filed at Marine Drive police station on Sunday by a Chief Legal Officer deputed at Union Bank of India’s headquarters in south Mumbai and the accused was held on the same day, police said. According to police, the bank’s personnel had received a phone call in August this year from a person claiming to be Finance Minister Jaitley’s son who sought a favour by way of extension of credit limit on loan and lending of Rs 7 crore to a Mumbai-based company operated by his friend.
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