The Economic Offences Wing (EOW) of the Delhi Police has apprehended father and son, duo for allegedly cheating doctors to the tune of Rs 4.25 crore on inducement of providing loan of Rs 75 crore.
The accused has been identified as Sanjay Saxena while his son has been identified as Ashish Saxena, who is also the main conspirator.
According to Dr OP Mishra, the Joint Commissioner of Police, EOW, a complaint was received in which the complainant stated that in July 2018 he met accused Sanjay Saxena through a common partner stating to be a big financer who provides business loans and finance to companies.
“Saxena represented the complainant that he can arrange finances amounting to Rs 75 crores at 8 per cent per annum to his company. After a series of meetings, it was decided that accused would provide funds from their company LD Group to the Complainant company. An MoU was signed between the duo but the accused cooked up a story that his companies accounts have been freezed by income tax department and further took money from complainant on the pretext of settlement if income tax issue,” said the Joint CP. “The accused Sanjay obtained Rs 4.25 crore through blank signed stamp papers, letterheads of the victims company Focus Imaging and blank signed sheets of complainant which he had given for the loan of Rs 75 crore,” said the Joint CP.
“A case under relevant sections of Indian Penal Code (IPC) was registered and the accused Sanjay Saxena was arrested on July 16 while the main conspirator, his son Ashish Saxena was nabbed on October 5,” said the Joint CP.
“During interrogation, the duo confessed to their crime and told police that Sanjay used to represent himself as a well-established business man in the business of gold and diamond jewelry and having good contacts with politicians and bureaucrats. He can arrange business loan on low interest,” said the Joint CP.
“In lieu of arranging loan he induced the prospective borrower to give a huge amount on the pretext of facilitation and stamp fee etc. He also fraudulently obtained signatures of the prospective borrower on the blank stamp papers, papers and blank cheques.
“Later on when the victim came to know about the cheating then he used these blank stamp papers and cheques to cook up a different story, showing himself as a victim to pressurise the complainant to withdraw his complaint,” said the Joint CP.
“Sanjay and his son Ashish used to spend lavishly and lead a luxurious lifestyle from the funds obtained through cheating. The accused has cheated many other victims with the same modus operandi,” the Joint CP said.