Delhi Police's Economic Offences Wing (EOW) has arrested three persons, including a woman for allegedly obtaining a loan of over Rs two crores by using forged property documents.
The accused have been identified as Rohit Bhutan, Subhash Bhutan and a woman. Police said Rohit and others, residents Preet Vihar, availed a loan of Rs 2,55,60,613 from the complainant company.
According to Dr O P Mishra, the Joint Commissioner of Police, EOW, The loan was availed by the accused against creation of equitable mortgage of the property at Preet Vihar with averment being the absolute owner of the property and it is free from all the encumbrances.
“After the verification, the company disbursed the loan of Rs 2,55,60,613 to accused persons. Soon after the disbursal of the loan, the accused started defaulting in the repayment of the loan,” said the Joint CP.
On default, the company conducted the physical inspection of the mortgaged property and came to know that the property was already mortgaged to other organisation and a loan of Rs 55 lakh was already taken by the accused, he said.
During investigation, it was revealed that on May 30, 2009, the accused persons took a loan from a finance company and mortgaged the property.
Later, on February 28, 2015, they again availed the loan from the complainant company by mortgaging the same property by creating forged documents, Dr Mishra said.
At the time of availing the loan, the accused persons concealed the fact that the property was already mortgaged to another financial institution, he said.
Police got a tip-off and arrested the accused persons from Noida on Tuesday, Dr Mishra added.