Crime Branch, Bhopal, nabbed two accused involved in availing vehicle loans using documents of other people and selling vehicles at low price later. police have recovered 18 vehicles which were sold by the gang.
The nabbed accused were identified as Syed Nazish alias Najju of Housing Board Colony and Mohammad Sameer Khan of DIG Bungalow area.
Acting on a tip off, regarding miscreant, the Crime Branch police personnel rushed to Berasia area and nabbed the accused who was identified as Nazish.
The nabbed accused disclosed the names of other gang members. The main accused was Harish Verma with whom he used to collect documents of customers and would avail vehicle loan and later it was sold through Mohammad Sameer.
Based on the details provided by Nazish, Sameer was nabbed and later, 18 vehicles were recovered from his possession.
A complaint was lodged by Rajeev of TVS showroom regarding Harish who had availed 5 vehicle loans by collecting documents and providing margin money. These vehicles were later sold at low price. Harish used to work as Finance Executive of HDFC bank. After Rajeev came to know about the fraud and absconding of Harish, he lodged a complaint regarding the accused.
Based on the complaint of the victim, police registered a case under sections 420 and 34 of the IPC.
During the investigation, it was found that the gang has been active since 2016 and had availed loan from different showrooms of the State Capital.
The main accused is absconding and search has been intensified.