The Economic Offences Wing of the Chandigarh Police arrested seven persons on Saturday,including a woman and two employees of a Sector 8-based private finance company,for allegedly defrauding the company by raising loans on forged documents. The police have also arrested the mother of one of the accused employees,who had also taken a loan furnishing fake documents. Those arrested include one Nawab Ali,who is the prime suspect in the fraud. The police said he was assigned the job of verifying the documents submitted by the applicants for loans. Sunny Gill,a peon in the company,along with his mother Jasmine Gill,Mohan Kumar,Salvester,Vikram Ram and Hem Raj have also been arrested. Interestingly,all the accused are residents of Dadumajra Colony. The police said Nawab Ali would lure people,promising them to give Rs 10,000 for producing fake documents to show them as government employees and raised a loan of Rs 80,000 on their names. He would keep the rest of the amount. The fraud was detected when the company found that the list of defaulters included the applicants that Nawab Ali had verified. The police had registered a case of cheating,forgery,criminal conspiracy under various provisions of the IPC on May 8 last year on a complaint lodged by Sanjeev Kumar Das,the legal manager of the Fultron Finance Company,Sector 8C. The accused were produced in a court on Saturday,which remanded Nawab to three days of police custody and sent the other accused to judicial remand.
