Lalitpur (Uttar Pradesh): Two wanted fraudsters were arrested for duping a large number of people and Bajaj Finance Company of ₹1.71 crore with the help of fake papers, the police said on Friday. The incident took place near Madhya Pradesh's Tikamgarh.
A sum of ₹9.11 lakh kept in the accounts of the fraudsters was frozen. The arrested criminals identified themselves as 35-year-old Mahendra Barar and 27-year-old Navneet Singh.
According to a complaint lodged by 29-year-old assistant manager of Risk Bajaj Finance Limited, Sandeep Singh Solanki, Mahendra Barar and Navneet made fake papers and duped the company of ₹1.71 crore.
The senior police officers set up an inquiry committee for arresting the fraudsters. When the police quizzed Mahendra and Navneet, they said they had worked for an organised gang of cheats.
Bhopal: Not Many Takers For Special Armed Force; 1,000 Posts Still VacantNavneet was working for the Bajaj Finance Company at Jhokan Bag in Jhansi, and Mahendra was working as the direct sale agent.
Navneet said their job was to distribute pamphlets containing phone numbers, and he used to keep in touch with the customers who called up the phone numbers for loans. Afterwards, he made a file of those people.
According to Navneet, initially he used to get loans passed for the genuine persons through authentic papers, for which he used to get commissions. Afterwards, he began to get loans passed with the help of fake papers, he said.
They distributed the money transferred to fake accounts of customers among themselves, Navneet said. According to him, many other people are associated with the gang.
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