The Delhi Police has arrested a 51-year-old man and his daughter for duping a private financial institution into loaning them Rs36 lakh by claiming to run a firm that didn’t exist. The duo had forged many documents, including PAN cards, and had cheated other institutions in the past.
Police have recovered eight PAN cards and several stamps from their possession.Police said that the accused have been identified as Rajeev Singh and his daughter Priya Singh (29), residents of Sector 33 in Noida.
“The arrest was made on March 21 following a complaint being lodged by M/S India Bulls Housing Finance limited,” a senior police officer said.The complainant has told the police that their company is into the business of providing housing loans and was based out of Connaught Place.
“The complainant informed the police that the accused persons had applied for business loans of Rs11 lakh, Rs15 and Rs10 lakh for a garment business that they claimed to be running. They had submitted several documents, including the forged PAN cards,” the officer added.
Police said that after submitting all the documents, the accused persons got their loans of Rs36 lakh. But after paying some installments, they stopped the repayment and at the same time, during the scrutiny of the documents, it emerged that they had submitted forged PAN cards in three separate matters of loans.
“After detecting the forgery, the complainant approached the police and registered a complaint of cheating. later, a case under Sections 420, 468, 471, 120-B and 34 of the Indian Penal Code was registered at Connaught Place police station of New Delhi district,” an officer said.
The investigation was taken up by sub-inspector Sanjeev Kumar and during probe, it emerged that the fraud was meticulously planned and the father-daughter duo had allegedly duped many other companies with the same modus-operandi. “The investigation also revealed that after duping one company, the accused persons always changed their hideouts. But the investigators finally traced their location and arrested them on March 21 from their residence in Noida,” the officer added.
Police have recovered five PAN cards, two driving licences of Rajeev Singh and three PAN cards of Priya and several stamps from their possession.