A married couple which allegedly used to cheat gullible customers by selling them properties already mortgaged to banks have been arrested by the Crime Branch of the Delhi Police.
The couple carried a reward of Rs20,000 each on their arrest. The couple had cheated customers to the tune of Rs4 crore. “We had received information that the couple would come to Model Town, Delhi. A trap was laid and they were apprehended. They were identified as Mahipal Singh (40) and Ruchi Kumar (33),” said Additional Commissioner of Police (Crime) Ashok Chand.
The cheats first mortgaged the properties to the banks and took loan against these properties. They then sold it to unsuspecting buyers without informing the buyers that the said properties had been mortgaged with the bank. The cheats had been declared proclaimed offenders by the court and reward of Rs20,000 each was declared for their arrest, he said.
The duo revealed to police that it was one of their associates purchased properties and then obtained loans against these properties from banks.