Financier held for duping client

A financier has been arrested for allegedly duping a businessman of Rs 9 lakh to offset his losses. The police said Vikas Bhatia was heavily in debt.

Bhatia was arrested after the Defence Colony police station received a complaint by trader Dharamveer that he has been duped. He said someone transferred cash from one of his accounts using his stolen cheque book, a police officer said.

On investigation,the police found the cheque was deposited in the Jammu and Kashmir Bank (Ansal Plaza branch) in South Delhi. Bhatia first opened a forged account in the bank and then submitted the complainants cheque of Rs 9 lakh, the officer said.

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After intensive electronic surveillance,the police managed to zero-in on Bhatia,who reportedly confessed to committing the crime. The police said they suspect the involvement of a woman in the crime,who is probably Bhatias relative.

During interrogation,Bhatia revealed that he committed the crime to pay back his hefty debts. He came in contact with Dharamveer during one of the deals in which he had arranged loans for the complainant, a senior police officer said.

A case of cheating has been registered at the Defence Colony police station. Even though we believe he is not a regular offender and did it to pay loans,we are questioning him, the officer said. Bhatia holds a bachelor degree.

Dharamveer is a resident of Kotla Mubarakpur area of South Delhi.

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