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Fake agent dupes duo with bank loan promise,arrested

The Mulund police on Monday arrested a man for posing as a bank agent and duped two people under the pretext of procuring loans for them in April.

Written by Express News Service | Mumbai |
July 14, 2009 12:51:41 am

The Mulund police on Monday arrested a man for posing as a bank agent and duped two people under the pretext of procuring loans for them in April. The accused,Sandeep Singh,had used the cheque book of one of the clients to issue a bogus cheque worth Rs 13 lakh to the other.

Cyrus Octroiwala,an octroi clearing agent,who had tried to encash the cheque,was arrested in April after the officials of a nationalised bank registered a complaint saying they had nabbed a man who was allegedly trying to encash a bogus cheque worth Rs 13 lakh. The cheque,issued on his name,bore a signature different from the one listed in the bank’s database. Suspecting forgery,the bank handed over Octroiwala to the Mulund police. Octroiwala had claimed he was unaware that the cheque was forged. He was later granted bail.

“Preliminary investigation revealed that the cheque had been issued from a chequebook of a man who held an account in the bank’s Ghatkopar branch. Octroiwala during interrogation had revealed that he had given Rs 30,000 as commission to a man named Sandeep Singh (30) who had claimed to be an agent from the bank and had assured him a loan of Rs 13 lakh. The owner of the chequebook also claimed to have been approached by an agent who had taken all the relevant documents from him including his chequebook,claiming to furnish a loan within a few days. After realising that he had been duped,he had closed the Ghatkopar branch account,” said assistant police inspector Milind Jadhav,who is investigating the case.

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