The city Crime Branch's property cell has arrested three people for procuring loans by submitting fake documents to a finance company. The Accused trio is believed to have cheated more than 22 people of Rs 32.38 lakh over the last eight months. According to the police, former employee of a Lalbaug-based electronic showroom Rameez Shaikh, had access to the bank details of all customers of Bajaj Finance. Even after Shaikh resigned, he continued to use the username and password of the showroom's portal. Shaikh later took disadvantage of this access and stole details of customers from the company's web portal to procure loans from leading national banks under their name. After getting the loan approval, Shaikh purchased high-end electronics from an online shopping portal. The police said, when many complaints were reported with a similar modus operandi, cops connected the dots and realised all victims were Bajaj Finance company's customers. Acting on the information, the police approached the finance company and learnt that Shaikh still had access to the showroom's system. The police then laid a trap in Badlapur, Kalyan, Thane and Navi Mumbai to nab the accused trio. After the sleuths received a tip-off about Shaikh's latest bank transactions, he was apprehended from his residence in Kalyan. Further investigation revealed that Shaikh had two accomplices in the crime and had cheated more than 22 people. Dilip Sawant, Deputy Commissioner of Police (Detection) said, "The accused have cases of cheating registered against them in five police stations across the city. The number of cases is expected to rise as the investigation proceeds." LOOPHOLE As per police, ex-employee of a Lalbaug-based electronic showroom Rameez Shaikh, had access to bank details of all customers of Bajaj Finance. Even after Shaikh resigned, he kept using username & password of the showroom’s portal

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