A 33-year-old property dealer has been arrested for duping several banks of more than Rs. 2 crore by using forged property documents to avail of loans, the police said.
Rajender Kumar was arrested by the North-West Delhi district police, which received a tip-off that he would be meeting someone at the Janakpuri District Centre on Tuesday.
“Initially he tried to mislead us by claiming that we had the wrong man. But under sustained interrogation, he confessed to being involved in seven cases of cheating banks. He is a proclaimed offender in three other cases,” said Vijay Singh, DCP (North-West).
Kumar, who studied only till Class V, worked as a physiotherapist at a Gurgaon nursing home for three years, beginning 2002. He quit after a quarrel with a patient.
He then went on to work for a property dealer before opening his own office in Sector 5, Gurgaon. It was at this point that he met people who taught him how to obtain a loan in lieu of property.
In 2009, he teamed up with six others and decided to dupe banks. They first obtained forged documents of a property and then sought a loan of Rs. 20 lakh. Over the next few years, they used the same documents to seek bigger loans from other banks, the police said.
