Man seeks car loans, cheats banks of Rs 8cr

  • | Monday | 18th March, 2019

He also submitted fake purchase receipts of cars, IDs, salary receipts customers and registration certificates of vehicles. He was sent to jail after being produced in court on Sunday,” Mishra added. We have recovered a laptop from his possession,” said Mishra. He has been living there for the past few months. There over seven cases of fraud and cheating registered against him in three police stations in Agra,” said Raj Kumar Mishra, deputy superintendent of police at the Special Task Force (Noida).Rajat from Agra's Vardhaman House allegedly owned a handicraft company — Essar Enterprise — in Sanjay Palace.

Greater Noida: A 34-year-old man was arrested for allegedly cheating different banks in Agra of Rs 8 crore on the pretext of seeking car loans in Noida’s Sector 78, police said.Rajat Kulshreshtha, who was nabbed by a team of Special Task Force (Noida), had registered a fake automobile company in Gautam Buddh Nagar and illegally applied for 61 loans for cars that were never purchased, the cops said said.Absconding since 2017, Rajat was carrying a reward of Rs 25,000 on his head.“Following a tip-off, we nabbed him from a rented apartment in Antriksh Golf View 1 Society in Sector 78, Noida. He has been living there for the past few months. There over seven cases of fraud and cheating registered against him in three police stations in Agra,” said Raj Kumar Mishra, deputy superintendent of police at the Special Task Force (Noida).Rajat from Agra's Vardhaman House allegedly owned a handicraft company — Essar Enterprise — in Sanjay Palace. At first, Rajat opened a fake automobile company — JR Automotive — in Noida with a friend, who was an insurance agent.The duo then showed fake receipts of vehicles purchased from their company in the names of their relatives and employees to several banks.From there, they got 61 loans sanctioned in four years — 2013 to 2016.“The accused employed a few people in his company whose used to attend verification calls from banks. He also submitted fake purchase receipts of cars, IDs, salary receipts customers and registration certificates of vehicles. We have recovered a laptop from his possession,” said Mishra. “He has been booked under sections 406 (punishment for criminal breach of trust), 420 (cheating), 467 (forgery of valuable security), 468 (forgery for purpose of cheating), 471(using as genuine a forged document), 504 (intentional insult with intent to provoke breach of the peace), 506 (punishment for criminal intimidation) of the Indian Penal Code . He was sent to jail after being produced in court on Sunday,” Mishra added.

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