Economic Offences Wing (EOW) of Delhi Police on Thursday arrested a man involved in a fraudulent scheme to obtain multiple mortgages on a property and secure a loan of Rs two crores from Allahabad Bank using forged documents as collateral.
The accused, identified as Mohd. Saleem Khan, was also declared a non-performing asset (NPA) by Allahabad Bank after he ceased making loan installments.
The investigation into the matter began following a complaint filed by Dharam Pal Lamba, Chief Manager of Allahabad Bank’s Karol Bagh Branch, who pointed fingers at Khan and an accomplice named Deepa Batra.
According to the complaint, Khan, who acted as the proprietor of S.K. Enterprises, had acquired a credit facility of Rs. Two crore from the bank. To secure this credit, he offered a property located in Old Rajinder Nagar, registered in the name of Deepa Batra, as collateral.
Subsequently, the account was declared an NPA on December 27, 2017. During further scrutiny, the bank discovered that the title deed submitted by Khan was forged and fabricated, and shockingly, the same property was already mortgaged with another bank.
Upon closer examination by the police, it was revealed that the accused had initially paid the loan’s EMIs but later stopped the payments, leading to the account’s NPA status.
Deputy Commissioner of Police (EOW) Vikram K Porwal said that the accused had availed credit facility and used a property in the name of his co-accused as collateral.
“He submitted a forged sale deed to the bank, not knowing that the property was already mortgaged with another bank,” said the DCP.
The police conducted multiple raids in various locations within Delhi-NCR and the accused rented residence, but he managed to evade capture. However, through a combination of technical surveillance and human intelligence, the police discovered that Khan was expected to visit the Tis Hazari Courts to consult with his counsel.
“Acting on this information, the EOW apprehended Khan outside the court on Tuesday,” said the DCP.
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