A fake loan distribution racket was busted after the NM Joshi police arrested two men from Delhi on May 11. The investigation team, backed by Mumbai Crime Branch’s Cyber Crime Unit, is now on the look out for the third accused. Kumkum Pandey (23) had approached the police against unidentified men, who introduced themselves as officials of a reputed finance company and duped her of Rs 63,000.
In her statement, she has said that the men claimed the amount to be processing fees for her loan amount of Rs 14 lakh. Pandey, a resident of Andheri, had searched for finance companies on the Internet, and submitted applications to a few. The woman, who studied Mechanical Product Diploma from Lucknow, wanted to start a business, for which she required finance.
A few days after she applied, she received a call from a landline number saying that her loan had been passed and she required to deposit Rs 2,500 as processing fee. The man gave her an account number of a co-operative bank. She did the needful and within a few days received another call that she had to deposit another Rs 15,700 as commission in the account of Vinod Velluram Saini. The three men also asked her to deposit Rs 45,000.
After the woman deposited the amount, the men told her to collect her loan amount cheque from their office in NM Joshi Marg. However, when the woman reached the head office of the reputed finance company, officials told her that they did not have any branch in Delhi and they had not approved her loan.
The woman then realised that she had been duped and approached the NM Joshi police, “We have registered a case against the three men for cheating under sections of the Information Technology Act. The accused were in Delhi, but since the head office of the finance company in whose name they duped her is in Mumbai, we filed a case and began investigations,” said Madhukar Pandey, additional commissioner of police (central region).
The police tracking the calls and account details have arrested the two accused identified as Satpal Bavta (28) and Vinod Velluram Saini (24), residents of Haryana. The police are on a look out for Ram alias Rahul who is also involved in the case.
“We are now finding out how many more people have been duped by the trio and how did they manage to target people who applied for loan with this specific company,” said the officer. The police have recovered Rs 15,000 from the duo.