Two persons have been arrested for allegedly duping two banks to the tune of several lakhs by taking vehicle loans with forged documents, police said today
New Delhi: Two persons have been arrested for allegedly duping two banks to the tune of several lakhs by taking vehicle loans with forged documents, police said today.
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The accused, identified as Amit Seth (37) and Naresh Arora (50), were arrested yesterday by the special task force of Delhi Police's east district, said a senior police official.
According to the police, Seth booked cars from a showroom, allegedly issuing cheques which bounced and then tampered with the invoices acquired. Later, he floated a sham company, with its name similar to that of the showroom - for which the tampered invoices were used - and opened a bank account.
Seth, who is a accountant, soon took vehicle loans from another bank, with the help of forged documents and later withdrew the money. By this process, Seth alone duped a bank of Rs 6.50 lakh and another bank of around Rs 13.70 lakh with the help of Arora.
The incident came to light when a nationalised bank reported two separate cases, following which two cases of cheating and forgery were registered, and investigation was taken up, Assistant Commissioner of Police.
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