1 held for Rs 30 cr loan fraud

• Wednesday | 24th July, 2019

New Delhi, July 23The police on Monday arrested Sidharth Jain (39), a businessman, for a bank loan fraud worth Rs 30 crore from a nationalised bank, said the police. The police said a retired Colonel Love Kumar Ojha alleged that some land grabbers dispossessed him of his plot in Coperative House Building Society Ltd, Saraswati Vihar. According to the police, in 2011 Jain was chargesheeted by the CBI in a similar case of cheating where he stood as 'guarantor' for a Rs 3-crore bank loan.