A man wanted by the Central Bureau of Investigation (CBI) and the Delhi Police for allegedly siphoning off nearly ₹50 crore from banks in Delhi-NCR has been arrested on Tuesday, the police said on Wednesday.
Deputy Commissioner of Police Ram Gopal Naik said that Amit Verma (38) was arrested from Shakarpur based on a tip-off.
Loan on mortgaged plots
The police said that the accused and his accomplices Nitin Arora, Sandeep Khera, Ishita Arora and Vinod Arora used to prepare forged documents of flats and plots, which were already mortgaged with different banks and then seek loan on the same.
“They took loans from Bank of Maharashtra in Noida and other banks on the properties which were already mortgaged. Later when the gang members did not pay the loan instalments, bank officials visited the site in question and found that other banks too have pasted notices mentioning loan and property being mortgaged with their bank,” Mr. Naik said.
12 cases
Some of the banks then approached the CBI and some approached the Economic Offences Wing (EOW) of the Delhi Police.
The CBI registered 10 cases, and the EOW filed two, in connection with the fraud.
Mr. Naik said that Nitin, the gang leader, was arrested in 2015 in connection with two cases of attempt to murder in Delhi and Uttar Pradesh.
His wife Ishita Arora is also in jail.
