Delhi Police EOW arrested bank official arrested for fraudulently facilitating personal loans by HDFC Bank
New Delhi, April 6
The Delhi Police EOW arrested one HDFC Bank official for allegedly facilitating loan on fraudulent documents.
The accused was identified as Pinanki Prasad Chandra of Hastinapur in Meerut of UP who was wanted in this case since 2019.
Additional CP RK Singh stated that Pinaki Prasad worked for the HDFC Bank from 2013 to 2018 in different capacities and at the time of present offence, he was working as personal loan executive in Indirapuram Branch of HDFC Bank, Ghaziabad, UP.
The EOW stated that Amit Sahni, Risk Intelligence & Control, HDFC Bank, Limited had filed a complaint that during the routine business inquiry, Risk Intelligence & Control Unit of HDFC Bank had identified 145 personal loans and 78 Credit Cards with disbursement amount of Rs. 10 Crore, which were disbursed and issued to the various ‘customers’ of Delhi. He has alleged that initially these ‘customers’ opened saving accounts and thereafter had applied for the fraudulent disbursement of personal loan and Credit Cards, which were introduced/sourced by the sales executives (BDR) on the basis of forged employment credentials and other forged documents. Thereafter, the said personal loans and credit cards were granted and issued by the bank on the basis of the said employment documents submitted by the ‘customers’.
The EOW stated that during the preliminary assessment in these matters, bank found that multiple identities introduced themselves as staff (UDC/LCD & teachers) working with” Delhi Nagar Nigam-MCD Schools and offices”. Majority of these 145 cases had been sourced by four bank executives namely, Ram Ashish, Manoj Dubey, Vinod Kumar and Pinaki Prasad and their role is suspected in the present matter.
The officials stated that during the course of investigation, documents were seized and notices were sent to the Principals of the respective schools as well as to the office of Executive Engineer, Shahdara for verification of these salary slips and employment credentials. The notices were also sent to various other organizations for verification of salary slips and employment credentials of personal loan takers. Their replies were received. All concerned replied that neither these persons were employed with them nor had these salary slips been issued by them. The EOW had sent notices to SBI, Axis Bank, ICICI Bank, Indusland Bank and other banks for the purpose of verification of Bank Account Statements placed in the personal loan files. Banks had also replied that most of the accounts did not exist in the respective banks.
The officials added that during the verification, it had been found that salary slips issued from the office of Executive Engineer, Shahdara, EDMC schools and other organizations and Bank Statements of SBI, Axis, ICICI, Indusland Bank which were filed by the applicants to procure loans were fake/forged documents. The account opening staff and staff conducting CPVs (Customer Point Verification) were also examined and their statements were recorded. The staff conducting CPVs denied conducting these CPVs and stated that these were false documents.
Explaining their modus operandi, the EOW stated that the accused persons working in different branches of HDFC Bank colluded with each other and prepared fake salary slips/bank statements and placed the same in the personal loan files and also placed fake verification reports of employment credentials in order to compromise the due process in order to earn money. Since, accused persons were working in the same bank, they were well aware about the loopholes and they exploited the same for their own pecuniary interest, officials further said.
The EOW had already arrested bank officials Ram Ashish, Vinod Prasad, Tabrez Kamal and Sanjeet. The EOW is further investigating the case.
