Two persons nabbed for cheating bank

The Special Task Force of Delhi Police arrested two persons out of which one is a Chartered Accountant (CA), for cheating the State Bank of Bikaner and Jaipur of Rs 21.56 lakh by opening a forged account to avail vehicle loan from their Vivek Vihar branch in East Delhi. The duo has been identified as Amit Seth (37) and Naresh Arora (50). Police recovered Rs 5 lakh, a laptop and other important documents which were used in the crime.

Police received a complaint from the chief manager of the State Bank of Bikaner and Jaipur, Vivek Vihar that these two forged a bank account on the name of a fabricated company ‘Go Auto’. Based on his complaint, they both were apprehended and consequently arrested. During police interrogation, they revealed that Amit showed himself as a Chartered Accountant to a showroom named Go Auto Pvt Ltd and booked the vehicles by submitting a cheque from his account which did not have any money. 

After he got the invoice from the showroom, he prepared a forged invoice with the name of ‘Go Auto’ and then opened an account on its name at the Andhra Bank branch in Connaught Place. Based on the forged invoice, he applied for vehicle loans through the agents of the State Bank of Bikaner and Jaipur. After he went through the legalities with the Bank, he got the demand draft of the loan and deposited it in the forged account in Andhra Bank and later transferred the money to their personal accounts. Through this modus operandi, Amit cheated the State Bank of Rs 6.50 lakh for personal use and a sum of Rs 13.70 lakhs by collaborating with Naresh. A case has been registered at the Vivek Vihar police station under relevant sections of the law against the accused persons.