Subscription 
Gang dupe students - 29-Mar-2012
New Delhi: Twelve youths, including eight women, were arrested for allegedly duping a number of students seeking education loans, police said.
Investigators said the gang, including two graduates who worked in multinational banks, siphoned more than Rs 45 lakh from students who were seeking education loans. Thirty-six bank accounts have been unearthed.
"The racketeers had been operating for the past one year and had duped hundreds of students across the country," Ashok Chand, Deputy Commissioner of Police (Crime), said.
The arrests came following investigations into a complaint filed by a student from north Delhi that he was duped of Rs 16,800 on the pretext of providing him easy education loan by a firm Rotomax Finance Pvt Ltd.
"He had seen a newspaper advertisement promising loans. A woman executive told him that that Rs three lakh could be arranged for him. She directed him to send his education qualification documents on email and debit Rs 250 in an account. Later he was told to deposit Rs 5,000 in an SBI account to enable them to verify the documents.
"He deposited the said amount at the given bank account. He again received a call from a lady who informed him that his loan had been approved and their agent will deliver the Demand Draft of Rs. 3 lacs at his home. However, he again received a call and was directed to hand over an amount of Rs 10,000 as insurance against the loan," Chand said.
He handed over the amount to a man at Azadpur Bus Terminal and again he was asked to pay Rs 1,550. "After depositing this, whenever he tried to contact the loan providers on the given mobile numbers his telephone calls were never picked up. Then he approached police," Chand said.
During investigations, it came to light that the mobile numbers were obtained on forged documents as well as bank accounts had also been opened on forged documents.
Police also managed to track down the accused in Rohini Sector-8. Sandeep Kakkar (25), his brother Vishal Deep Kakkar (22) and eight women were first arrested. Their interrogation led to the arrest of Sandeep Bajaj (25) and Ram Avtar (27).
The racketeers used 36 bank accounts opened on forged documents and 27 mobile phone SIM cards also obtained on forged documents. They never operated a bank account for more than a couple of months to avoid detection, Chand said.
The gang paid a rent of Rs 17,500 per month for the second floor office in Rohini, Delhi.
On an average, they paid each woman employee Rs 10,000 per month plus incentives.
Bajaj and Avtar, both graduates, worked with multinational banks as marketing executives till about a year ago. He met Ram Avtar and they allegedly started providing forged documents and got opened bank accounts on forged documents.
No Comments Found!
Post Your Comments for the Article :
