Indore (Madhya Pradesh): The city Crime Branch, on Monday, arrested a swindler for duping about 100 people of Rs 50 lakh on the promise of securing loans for them, an official said on Tuesday. The officials have recovered about 250 bank cheques, PAN cards, Aadhaar cards and documents of many companies related to the registration from the accused and further investigations are underway.
Additional DCP (Crime) Guru Prasad Parashar said the Crime Branch received a complaint about the fraud. During investigations, the fraud investigation cell of the Crime Branch found that the accused, Sachin Soni, a resident of Dwarkapuri, had taken Rs 68,750 from the complainant on the pretext of providing a loan of Rs 25 lakh and an education loan of Rs 10 lakh for her daughter. The accused took the amount in the name of service charge and other charges but did not secure the loan for her.
The Crime Branch gathered more information about the accused and arrested him. Soni is an M.Com graduate and an M.Phil. He allegedly informed the police that he was employed with many finance companies between 2002 and 2006. After that, he ran offices at different places in the city for providing all types of loans. So far, he has duped people of about Rs 50 lakh on the promise of providing various loans.
The Central Kotwali police have registered a case under sections 420, 406, 409 and 294 of the IPC.