The Economic Offences Wing (EOW) of the Delhi Police has arrested a 40-year-old man for allegedly cheating Religare Finvest Limited (RFL) to the tune of over Rs three crores.
The accused has been identified as Ashish Gupta, a resident of Rana Pratap Bagh.
According to Dr O P Mishra, the Joint Commissioner of Police, EOW, one Mukesh Kumar from RFL alleged that Gupta availed two loans of Rs 2.90 crore and Rs 86 lakh on the basis of forged conveyance deed of mortgaged property -- 76, Harsh Vihar, PitamPura -- and sold the same without intimating the lender.
“Gupta had to repay interest of Rs seven to eight lakh per month on the loans availed from PNB and PSB to the tune of Rs 12 crore. For this purpose, he availed loan from RFL hiding the facts that property was already mortgaged with Punjab and Sind Bank, C P. In order to cheat the NBFC, he later sold the property to Bhatia Estates, who cleared the loan of PSB. Accused defaulted the loan amount and ran away from Delhi,” said the Joint CP.
“A case was registered on April 5, 2014 at Rani Bagh police station and later transferred to the economic offence wing in 2020. During investigation, it was found that Gupta took loans of Rs six crore each from Punjab and Sind Bank, Connaught Place, against 76, Harsh Vihar, Delhi and from PNB, Shalimar Bagh, against 396, MIE, Bahadurgarh, Haryana respectively. He defaulted in both the loans,” said the Joint CP.
“The accused was arrested on Monday. Gupta, along with other accused persons, availed term loan to the tune of Rs. 3.76 crore from the RFL on the basis of forged conveyance deed of property number 76, Harsh Vihar, Pitampura, Delhi. Later, he sold it to Bhatia Estates without intimating the complainant RFL,” said the Joint CP.