The Property Cell of Mumbai Crime Branch has arrested two people who cheated around 17 famous financial companies by taking loans around 2 crore rupees. The group was in the process of leaving the country after getting more money but were nabbed by the cops.
Interestingly, both the accused earlier worked with banks as loan agent from where they developed the plan to cheat those companies. The duo cheated 17 financial companies including Bank Of India, Federal Bank, IDBI Bank, Tata Housing Finance Ltd, Edelweiss Housing Finance Ltd, Aditya Birla Capital, Incred financial services, HDFC, Fullerton India and India Bulls.
The accused are identified as Sushant Aayre (29) resident of Mulund and Chetan Kawa (36) resident of Mira Road.
In modus operandi, the accused would first take a room on rent and based on its documentation they would make pan card and other essential documents which are required to open a bank account. Once the bank account is opened, after three to four months they would take a loan from the same bank. From one location they would take several loans. Later, they paid three to four installments and then change the place. The bank would never be able to catch them as documents would have a bogus address and a different mobile number. From the last four year
Assistant police inspector Laxmikant Salunkhe got a tip-off about the accused while they are planning to leave the country after making crores of rupees from these banks. Both the accused were produced in the court on Friday and remanded to police custody till August 1.