She lured them with easy loans

NEW DELHI OCT. 31. Investigations into the case in which a woman was arrested on October 18 by the Economic Offences Wing of the Delhi police, have revealed that she used to promise loans on easy instalments to industrialists, without actually arranging for them.

According to the police, Susan D'Souza, who used to live on rent at a farm house in Sainik Farms, had promised Gautam Raghuvanshi, a resident of Indore in Madhya Pradesh, of arranging a loan worth Rs. 8 crores. She entered into an agreement with him on January 11. The conditions of the agreement entailed charging 11 per cent of the loan amount as processing fees. Susan told Gautam that she would arrange the loan with the help of a company in UK.

However, even after Gautam paid Rs. 77 lakhs on one pretext or the other, Susan did not arrange the promised loan. Gautam then approached the police.

It also came to light that Susan was earlier arrested for a similar fraud in Pune. She was also arrested by the Delhi police following a complaint by the Ambassador Hotel at Tughlak Road in 1996. The police said Susan used to live in farm houses and five-star hotels in order to convince her victims of her standing. However, she never used to pay the bills. She had got several accounts opened here and would give cheques issued against them which always bounced.

Susan's daughter, Shobha, and two other agents, identified as Harsh Wadhera and Balkishan Jhanwar, used to help her in the racket. While her daughter used to accompany her through all the deals, Balkishan and Harsh used to lure victims for her on commission basis.

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