A man has been arrested by the Economic Offences Wing (EOW) for allegedly duping a finance firm of approximately Rs 3 crore by presenting a deceased woman as his wife and co-applicant for a loan. The fraud reportedly facilitated the purchase of property in Delhi’s Laxmi Nagar area.
The Chenab Times has learned that the accused, identified as Maneesh Kumar, is alleged to have executed two fraudulent sale deeds for the same property within a 25-day period. This allowed the perpetrators to secure loans from financial institutions by using forged documents and impersonation.
The case originated from an FIR lodged at the EOW Police Station on July 14, following a complaint filed by Lovleen Manchanda, the authorised representative of Protium Finance Ltd. Manchanda alleged that Maneesh Kumar obtained a housing loan of about Rs 3 crore through fraudulent means for the acquisition of a property located in D-Block, Anand Vihar, Delhi.
According to an official statement from Ravi Kumar Singh, Additional Commissioner of Police (EOW), the investigation revealed that a sale deed dated November 9, 2022, was executed based on forged documents. An impersonator, who posed as the genuine owner, was a woman who has since passed away. This same impersonator reportedly executed two separate fraudulent sale deeds for the identical property within a short span, thereby enabling the accused individuals to obtain loans from various financial institutions.
The police officer further stated that the investigation established the accused’s role as an active conspirator in the financial fraud. He had projected himself as a bona fide purchaser of the property.
Further details indicated that the accused not only utilised forged title documents and impersonation to secure the loan but also allegedly created shell companies and firms. These entities were reportedly used to siphon off the proceeds of the loan obtained under false pretences. The investigation also uncovered that the accused had falsely represented another woman, also deceased, as his spouse and co-applicant in the loan application, when in reality, his actual wife was a different individual.
Following sustained intelligence gathering and technical surveillance, it was determined that the accused had been frequently changing his place of residence to evade apprehension. He was eventually traced to a rented accommodation in Laxmi Nagar, Delhi, where he was taken into custody, the officer added.
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The Chenab Times News Desk
