A case of fraud was registered by crime branch of Bhopal police after loans worth Rs1.7 crore were found availed using identity proof of a police constable; fraud surfaced after the victim went to get a loan.
According to the police, the victim Prakash Singh is posted as gunman in the staff of Director General of Police (DGP), found that loans have been availed in his name when he applied for loan at TT Nagar branch of the SBI.
Police officials said that the bank officials would be questioned in the case which would help in revealing the way in which the fraud was committed and the involvement of the bank employees and officials would be investigated.
loans from eight different banks were found and all the loans have been availed from local branches in the city.
Victim is posted with 23rd Battalion and availed a loan of Rs 2 lakh in the year 2013 and after the completion of the loan the victim approached the bank for availing more loans but was shocked when the bank officials found that there are loans of Rs 1.70 crore in his name with different banks.
A complaint was lodged with the crime branch Bhopal police regarding the fraud and based on the complaint after the preliminary investigation. The police have registered a case under section 420 of the IPC and have started further investigation. In the initial investigation it was found that the identity card of the victim was used by the miscreants to avail loan. Using forged documents the fraud was committed and search for the accused have been started.