Face of Nation : Two men who worked as loan agents have been arrested for duping 17 banks and financial institutions to the tune of Rs 2 crore.
The Mumbai crime branch have arrested — Sushant Aiyre, 29 and Chetan Kawa, 36 — for the loan scam worth Rs 2 crore. They used fake documents and inflated banks statements for defrauding banks including Bank of India, Federal Bank, IDBI Bank, Tata Capital Finance Limited, Edelweiss Home Finance Ltd, Aditya Birla Capital, HDFC and Incred Finance Services Ltd, Fullerton and Indiabulls. Both the accused have been remanded to police custody till August 1.
Since Sushant and Chetan worked as loan agents, they were aware of the documents needed to secure a loan. Both the accused are, however, Class 12 fail.
“We got information about this gang and approached one of the companies who were duped by the accused. The accused took flats on rent in areas like Kanjurmarg, Virar, Bhayandar. They got Adhaar card and SIM card based on the rent agreement. They then went in to open bank accounts and applied for personal and loans,” DCP Shaji Umap said.
Incred Finance Services Ltd was made complainant in the case as the accused had taken Rs 4 lakh loan from the company and stopped paying EMIs. The accused used to submit photoshopped bank statement copies showing huge transactions to get loan.
