A former employee of a leading private bank has been arrested in Harsh Vihar here for allegedly cheating several people on the pretext of providing them hassle-free personal loan.

Rahul Kaushal (27), who had earlier worked in the loan department, lost his job and used his knowledge of the bank functioning to dupe people, the police said.

The fraud came to light when Shiv Dutt Sharma lodged a complaint with the police on November 3 saying that he had been duped of over Rs.4,000 by one Rahul, who claimed to be an executive of a private bank. The complainant told the police that he received a call on his mobile phone from Rahul telling him about the new loan schemes of the bank. The complainant wanted to take Rs.1 lakh personal loan and an appointment was fixed. After satisfying himself about the identity of Rahul, Mr. Sharma gave him two cheques for Rs.4,300 and Rs.4,000, a blank cheque and Rs.1,000 in cash.

Rahul remained in contact with Mr. Sharma for a couple of days before he stopped taking his calls and then switched off his mobile. Mr. Sharma later discovered that Rs.4,300 was debited from his account.

Acting on the complaint, the police arrested Rahul at his house in Harsh Vihar and seized two mobile phones, four SIM cards, five debit cards and several passbooks.