Delhi Crime: The Economic Offences Wing (EOW) of Delhi Police has arrested a prime accused who allegedly cheated private banks by mortgaging the same property multiple times, officials said Thursday.
According to the EOW, the case dates back to November 2019 when Manish and his wife, Anita, both directors of a private limited company, approached a private bank’s Rajouri Garden branch seeking an overdraft facility of Rs 3 crore.
As collateral, they submitted a sale deed for a third-floor residential property in Dwarka, claiming it was unencumbered and owned by Anita. Based on these representations, the bank sanctioned the loan, EOW in a statement said.
Also read: Delhi: Man killed in hit-and-run, accused arrested
However, after the couple defaulted and went untraceable, the bank launched an internal inquiry and discovered the same property had already been mortgaged to another private bank for another loan of Rs 2.7 crore, said the EOW
The submitted sale deed was found to be fake and the signatures of of the Sub-Registrar were forged.
“Following a complaint from the first private bank, an FIR was registered in December 2022 under Indian Penal Code sections related to criminal breach of trust, cheating, forgery, and criminal conspiracy. The investigation revealed that the couple had fabricated multiple sale deeds of the same property and used them to obtain financial facilities from various banks. They also forged address proofs and financial documents,” an EOW officer said.
Anita was arrested in April 2024. Manish, who had been evading arrest since then, was apprehended on April 28.
According to the EOW, Manish, 45, was born and raised in government quarters near Teen Murti Marg. An arts graduate, he previously worked as a small-time cloth agent before acquiring a private company in 2018 and starting a garment manufacturing unit in Uttam Nagar.
Also read: Delhi: Teen stabs sister’s partner in Samaypur Badli
To expand his business, he allegedly misused banking systems by securing loans through forged documents and then absconded, read the statement.
Further investigation into the case is ongoing, and more arrests or disclosures are expected.
The case was registered on the complaint of Akbar, who alleged that the accused had…
The capital exceeded the PM10 standard on 285 days during the year, the Centre for…
The previous coldest January day in the past years was recorded on January 15, 2024,…
Ahead of her January 11 Delhi concert, legendary vocalist Begum Parveen Sultana reflects on her…
Sood said universities are no longer limited to academic instruction and are increasingly emerging as…
The accused has allegedly confessed his involvement and further investigation is underway to recover the…
