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Gang offering fake loans busted, 3 held
27 Aug 2008, 0137 hrs IST,TNN
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NEW DELHI: The Special Operations Squad (SOS) of the crime branch of Delhi Police has arrested three persons for their alleged involvement with an inter-state gang that cheated people by offering fake loans at lower rates. The gang allegedly lured its victims through advertisements in local regional newspapers.
The accused have been identified as one Neeraj Kumar Chauhan (29), Factory Loans Uk who posed as the supervisor of their fake firm, Amit Kumar Sagar (29) and Sachin Kumar Nigam (26). While Neeraj is Lombard Loans Uk a graduate from Delhi University, the other two were classmates, who dropped out of school. According to police, all three are residents of Tagore Garden in west Uk Loans Top Delhi. However, the police are yet to arrest the kingpin of the gang, Anuj Makkad, who has been operating illegally from Jalandhar and used to take a major share of the service charges as his share for providing knowledge about the operation.
According to Neeraj Thakur, DCP (Crime and Railways), ca home loans the gang used to advertise its services in several vernacular and regional newspapers in states like Assam, West Bengal, Bihar and Maharastra. “They used to offer loans from banks and they would charge a Nat West Secure Home Loans commission of 1-2 per cent of the total amount as their service charge in advance. The gang would rent an office and would mention only their mobile numbers in the advertisements. Most of these were best consoladated loans from unsecured loans for bad credit Assam and West Bengal. Until now, we have found the total fraud to Loans Money Supermarket Uk be over Rs 60 lakh and with over a 100 people, mostly small-time traders, having fallen prey to this group,” said DCP Thakur.
He added that most victims sent their papers through couriers to their office after only a cursory verification. A few days later, the alleged cheats called up their victims and asked them to Home Loans Uk Directory Offers deposit their service charges, as their loan would be sanctioned soon. They used to pass on Low Cost Uk Loans their bank account numbers or take the service charges in cash. They used to operate for five months and would then disappear after closing the office. The gang has been operating since 2004 and have already changed 15 locations, 13 of which are in Delhi,” added DCP Thakur.
He added that the gang took good care not to involve any Delhiite in their clientele. “In this manner, they avoided any detection,” he added.
The crime branch received a complaint from one Kolkata resident, Subhodip Ghosal, against one Gayatri Associates, based in Sant Nagar near Amar alabama construction loans Colony, in this regard. The police traced the mobile phones through technical surveillance and arrested the gang members.
“Various incriminating documents, one Skoda car, six mobile phones, SIM cards, rubber stamps and computers and accessories were confiscated from them. loans for consolidating credit cards We are investigating the case and are on the lookout for Makkad and another associate of the citi residential loans group,” said DCP Thakur.
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