The Delhi Police Economic Crimes Wing (EOW) arrested an elderly man for his alleged collusion in fraudulently obtaining a loan from ??2 crore from a nationalized bank in Delhi by submitting forged and fabricated ownership documents. The fake was revealed in 2015 and the main defendant and mastermind behind the fake, Satish Sharma, has already been arrested by police.
Police identified the man arrested Wednesday as Suresh Kumar Pruthi, 64, a resident of Sonepat, Haryana.
Co-Commissioner of Police (EOW) OP Mishra said the forgery came to light in 2015 when a deputy managing director of the nationalized bank, from its Parliament Street branch, alleged that Sharma had taken out a loan from ??2 crore from the bank to buy a school, Bramshakti Model School, in Sonepat. The loan was secured by mortgaging a property in the Narender Nagar area in Sonepat as collateral, Mishra said.
“Later it turned out that Sharma had already received another loan from ??4 crore from another public sector bank in Mayapuri, Delhi, mortgaging the same property. The fact regarding the mortgage of the same property to the other bank was not disclosed by Sharma. About this, the bank filed a police complaint against Sharma, ”Mishra said.
The officer said that during the investigation, it was revealed that the documents of Narender Nagar’s property submitted by Sharma to the bank as collateral did not match the record in the deputy registrar’s office at Sonepat. “After years of investigation, Sharma was arrested last August. Further investigation revealed that a Suresh Pruthi who initially sold this property to Sharma in 1998 had also signed false deeds of sale of the same property on which Sharma had made use of the loan from ??2 crore, ”said the co-commissioner.
Further searches were carried out and Pruthi was also arrested on Wednesday, he said.