Delhi Police EOW held fraudster who was wanted in bank fraud of Rs. two crores
New Delhi, July 22
The Delhi EOW held fraudster who was wanted in bank fraud of Rs. two crores where he allegedly mortgaged sold property multiple times.
The accused was identified as Ajay Sharma from Pratap Pura in Shahdara. Sharma runs a shop in the name of Ajay Electronics and Home Appliances at Babarpur Shahdara Road, Shivaji Park, Delhi
He was booked under sections 420, 406, 181 and 120B of the Indian Penal Code.
The Regional Manager, Bank of Maharashtra, New Delhi reported that in the month of November, 2012, Arun Kumar Sharma was sanctioned credit facilities of Rs. two crores for his firm M/s Ajay Electronics & Home Appliances on the basis of Equitable Mortgage of the property bearing no. 1/7225, Main Babarpur-Shahdara Road, Shivaji Park, Shahdara, Delhi belonging to his brother in law Ajay Sharma. Later-on, the accused failed to repay the amount to the bank and the loan was declared as NPA in March 2017. The bank officials came to know that the alleged person had also availed a loan from the Central Bank of India against the same property, which was mortgaged to the complainant bank. Further the Central Bank of India, Savita Vihar Branch had also taken symbolic possession of the said property under the SARFAESI Act. Thereafter, the complainant bank conducted fresh title search through an advocate and it came to the notice that the alleged persons had already sold the said property vide Sale Deed dated October 2011 to one Mr. Baldev Raj s/o Pritam Singh. Therefore Arun Kumar Bhardwaj alias Arun Sharma in connivance with his brother in law, Ajay Kumar Sharma had availed credit facilities from the complainant bank on the basis of sold property.
During investigation, original documents relating to sanction of loan were collected from the Bank of Maharashtra (Complainant Bank) and the Central Bank of India. Further, the certified copy of Sale deed of October 2011 executed by Ajay Kumar Sharma in favour of Baldev Raj of mortgaged property was collected from Sub Registrar office. These documents corroborated the version of the complainant that the property was sold to Baldev Raj prior to availing of the cash credit facility from the complainant Bank by mortgagor Ajay Sharma. The scrutiny of the bank statements of the alleged firm shows that the accused Arun Kumar Bhardwaj in connivance with his brother in law had fraudulently siphoned off the loan amount for personal use.
According to the EOW, the accused fraudulently availed loan facility by mortgaging a property which has already been sold but represented the bank that the property is free from all sorts of encumbrances.
His associate Arun Kumar Bhardwaj was arrested in on July 15 and on interrogation it came to know that co-accused Ajay Sharma is in Mandoli Jail in connection with murder case. After taking permission of court, accused Ajay Sharma was formally arrested and taken on police remand for further investigation.
