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Seven arrested for cheating bank

Written by: Staff

New Delhi, Feb 23 (UNI) The Delhi Police have arrested seven persons, including two builders, for cheating a bank to the tune of Rs 2 crore by submitting forged documents.

The two builders, Naveen Aggarwal and Kapil Dhingra, along with with 11 others, had duped the Standard Chartered Bank by submitting fake surety papers to secure loan on ten properties prior to selling to the alleged borrowers, who were enticed into the crime with a reward of Rs 3 lakh and one flat.

After submitting the requisite documents like voters ID card, PAN card etc., they applied for loan in the name of each accused.

They were assisted in the crime by the then manager of the bank Sanjay Nagpal and another employee Shashi Kant, who ensured that no bank official couls contact the borrowers of the loan.

Those arrested included the two builders, bank manager Sanjay Nagpal and four borrowers.

While the builders and the manager have been sent to police custody til February 25, four others have been remanded to judicial custody of 14 days.


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