The Delhi Police Crime Branch has arrested Kapil Kannav, 28, wanted in a case of cheating in Navi Mumbai with several complaints pending against him in many States.
The police said he was arrested following the receipt of a complaint from a businessman based in Mumbai, who claimed that he was cheated to the tune of Rs. 30,50,000 on the pretext of providing business loan by a company named Bharti Value Ltd. The company promised to give a loan of Rs. 5 crore and asked him to deposit the processing fee by way of cheques.
“Thereafter, the complainant was asked to deposit money in the firm’s account on different pretexts like security deposit, taxation and agent code . The businessman deposited Rs. 30,50,000 in various instalments for the loan. However, no such loan was ever paid,” said Ravindra Yadav, Joint CP (Crime).
A team was formed to trace him and it was revealed that the accused company has shifted its office from the earlier address to Noida and Kapil Kannav is the head of the company. On March 4, specific information was received that Kannav would come to Dwarka in a black Fortuner car. “A trap was laid and Kannav was arrested, ” Mr. Yadav said.
