A racket involving officials of a non-banking financial company (NBFC) and their accomplices involved in disbursing loans on fake documents has been busted.
Three persons have been arrested for their involvement in disbursing loans worth over Rs 23 crore on fake documents.
A complaint was filed by the NBFC, Hinduja Leyland Finance Ltd., with the Economic Offences Wing (EOW) of Delhi Police, alleging that Amrit Mann, direct selling agent (DSA), Nilanjan Majumdar, sales manager, and Nitesh Kumar, regional manager, were supposed to source genuine proposals of applicants seeking loan against property (LAP) from the complainant company.
It was alleged Amrit Mann, who ran a sales agency, FUNDWIZZ, along with Nilanjan Majmudar, had sourced deals from companies seeking loans against properties.
As there were regular defaults in repayment of these loans and after visits to the sites, it was revealed that the addresses as well as the particulars of the borrowers were false. A case was filed after an inquiry.
During the course of investigation, documents and individuals involved in the matter were verified and it was revealed that the accused persons created fake documents and used them for obtaining loan from the complainant company.
During investigation, two co-accused persons were arrested earlier who are presently in judicial custody. Further probe revealed that it was a large racket and all the accused persons hatched a well-planned conspiracy in order to dupe the complainant company.
Nitesh Kumar, the regional manager, and one Akash Bartaria have now been arrested. Another woman accomplice has also been arrested by the EOW team from Pune.
Akash Bartaria is the brother of Amit Bartaria, who was arrested earlier. The woman accused is the wife of mastermind Amrit Maan. She was evading arrest for a long time.
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