Man arrested for allegedly cheating bank in 2016

New Delhi: A 44-year-old man absconding since 2016 has been arrested for allegedly cheating a bank here, police said Thursday. The accused, Kamleshwar Parsad Bhatt, is a resident of Delhi's Vijay Enclave.

Syndicate Bank, Community Centre, Janak Puri, had registered eight cases of cheating against him in 2016. After getting information regarding his hideout, he was arrested from Palam on Wednesday at around 2 pm," Deputy Commissioner of Police (West) Monika Bhardwaj said.

During interrogation, it was revealed that Bhatt, along with his accomplices -- Rohit Bhuttan and others -- had adopted a unique modus operandi to dupe bank, she said. Initially, they had opened fake accounts in the names of 'Charu Motors' and 'Shri Durga Motors' in State Bank of Mysore, Sector-11, Rohini and in Canara Bank, Karol Bagh.

Later, they criminally conspired with each other and bank officials and opened accounts in Syndicate Bank, Community Centre, Janak Puri and shown each other as introducers, Bhardwaj added.

According to police, after this, they had applied for car loans and submitted fake proforma invoice in the bank and bank officials issued pay orders in the name of 'Charu Motors' and 'Shri Durga Motors'.

After depositing the money in accounts, they withdrew the cash or transferred the amount in other fake bank accounts. They took loans eight times from Syndicate Bank on the pretext of purchasing eight different vehicles and later escaped.

During interrogation, it was noticed that they had taken loans from bank after submitting fake IDs and addresses. After the arrest of Bhatt, his accomplice Bhuttan was also arrested by the Crime Branch, Bhardwaj said.