An incident has come to light where a man has been arrested for duping people in the name of providing loans. As per reports, the arrested man is a wanted criminal.
Arif Hussain resident of Amal ka Kanta duped Sunil Verma when the latter approached him for the purpose of loan. Sunil was asked to submit cheques, stamp papers, ID proofs and all relevant documents for loan as he needed loan for his son’s education. Later Arif made him open a bank account with a private bank in Subhash Nagar. He kept telling Sunil for quite a long time that the loan process was a lengthy task. Then he informed Sunil that the loan requisition was disapproved by the bank. After a while, Arif sent a notice to Sunil through his lawyer regarding a cheque bounce amounting to rupees 3 lakhs 21 thousand. When Sunil went to find details in the bank, he was informed that a loan was processed in his account for 2 lakh 80 thousand rupees. Arif presented Sunil’s security cheque for the loan amount and took a withdrawl of the same. When Sunil learnt of Arif’s fraud, he approached police. Post this, Arif applied for anticipatory bail in the court.
High Court was informed by the police that a number of similar cases are going on against accused Arif. Following this, the court directed Arif to surrender. Arif surrendered before the court from where he was sent behind bars. He is now in police remand under production warrant.
The modus operandi of the accused was that he would assure people of assistance for loan. Then he would take all relevant documents and withdraw money from the applicant’s bank account using security cheques. On many occasions, he even paid 2 or 3 instalments so as to mislead the bank and the applicants. He would use the loan amount for personal purposes. More than a dozen cases have been reported against Arif and he was wanted since long in this case.