Eight individuals have been arrested for allegedly duping a number of banks to the tune of Rs 23 crore by floating over a dozen bogus corporations and taking loans utilizing cast paperwork like Aadhaar and PAN playing cards of non-existing workers, police mentioned right here on Tuesday.
The bogus corporations had opened the accounts of its non-existing workers and even deducted provident fund (PF) from their salaries with a view to make sure that the existence of the corporations is just not put beneath doubt by banks in giving the loans, they mentioned.
The gang was busted by officers of the Phase 1 police station with the assistance of the native unit of the Special Task Force (STF) of Uttar Pradesh Police, Deputy Commissioner of Police (Noida) Harish Chander mentioned.
“On the premise of digital surveillance, handbook intelligence and confidential data, eight members of the gang have been arrested immediately for fraudulently taking loans from numerous banks by creating faux paperwork and IDs of various individuals and personal restricted corporations,” Mr Chander mentioned.
He mentioned police had acquired a criticism from HDFC Bank right here, claiming that some loans have been taken from it fraudulently within the title of bogus corporations after which an FIR was lodged and an investigation launched.
“The gang focused numerous banks like HDFC Bank, ICICI Bank, and Axis Bank. It had floated bogus corporations and obtained them registered, with workers that existed solely on papers apart from some administrators. They would take loans from banks and present that the fund has been utilized in giving salaries to the workers,” the DCP mentioned.
“The accused not solely confirmed on paper that they have been paying salaries to the non-existing workers of those corporations but additionally confirmed deductions of provident fund. They deposited some cash within the PF accounts of those ghost workers infrequently with a view to make sure that the banks don’t solid any doubt on them whereas giving loans,” Mr Chander mentioned.
So far, police have discovered that the fraudsters had floated 13 bogus corporations and fraudulently taken mortgage to the tune of Rs 23 crore from numerous banks and never repaid it, he mentioned.
Those arrested have been recognized as Anurag Chatkara, Aman Sharma, Danish Chhibber, Wasim Ahmed, Mohsin, Jeetu alias Jitendra, Ravikant Mishra and Tanuj Sharma, in response to police.
Police mentioned they’ve recovered 395 cheque books of various banks, 327 debit playing cards, 278 PAN playing cards, and 93 Aadhaar playing cards within the names of various individuals.
Besides, a forex word counting machine, an identification card making machine, stamps of various corporations, 187 cellphones, and three laptops have additionally been recovered from the possession of the accused, they mentioned.
Police have additionally seized Rs 1.09 lakh money from the gang and impounded three automobiles — Hyundai Aura, Hyundai i10 Nios, and Kia Seltos, and two Royal Enfield bikes.
An FIR has been lodged beneath Indian Penal Code provisions for dishonest, forgery and legal conspiracy in opposition to the accused, who’ve been despatched to jail by the courtroom, police added.
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