New Delhi, Oct 24 (IANS) The Economic Offences Wing (EOW) of the Delhi Police arrested four members of a family for cheating banks to the tune of Rs 20 crore.
The accused identified as Ashwini Arora and Vijay Arora along with their wives fraudulently mortgaged property, acquired by Delhi Metro, with various banks by forging the documents.
All the accused formed firms and arranged for a guarantor as well as created multiple sets of documents of the same properties to avail loans from various banks.
The banks which have been duped are Bank of Baroda, Punjab National Bank, Syndicate Bank, Karnataka Bank and OBC Bank.
“The accused prepared multiple sets of forged documents of the properties and duped the banks to the tune of Rs 20 crore. On the basis of the same documents, they also managed to get the property registered in their names or in the names of other people,” said OP Mishra, Joint Commissioner of Police (EOW).
To evade the scrutiny process of the banks, the accused also created multiple identities by changing their names and other details.
The investigation revealed that the accused not only mortgaged one property several times but also mortgaged the property acquired by the DMRC.