New Delhi: A senior manager of UCO Bank was arrested along with his two associates for getting loans sanctioned on fake documents, police said yesterday.
Rama Chandra Dash, 56, the manager of the bank in east Delhi’s Laxmi Nagar area, would sanction the loans in connivance with his associates - Subodh, 30 and Sunny Rakhrai, 29.
According to police, Subodh, an MBA from Odisha, was the mastermind behind the racket and used his contacts with Dash, to cheat people applying for car loans. He was involved in similar cases earlier as well while working with other companies like HDFC and Citi Life.
“He (Subodh) would contact people whose loans had been rejected by the bank and would get them approved illegally using fake income tax return documents,” said a police officer.
However, when the loan was sanctioned, the advance amount paid by the customer was kept by the gang.
“One of the victims paid `250,000 as advance for a car costing `1.35m but the amount was not deducted in the sanctioned loan,” said the officer.
Meanwhile, Rakhrai was arrested as he first got a loan sanctioned from the bank and then encashed it through a fake bank account posing as a car dealer.
New Delhi: A 17-year-old boy was stabbed to death here by his four friends over a trivial issue, police said yesterday.
Ravi, who was reported missing, was Friday found murdered near a mall in Mayur Vihar in east Delhi, police said.
According to a police officer, Ravi was missing from his house after he went out to meet his friends Thursday.
When Ravi’s parents approached police the next day with a complaint that their son was missing, the investigators showed them a body which they had recovered. Ravi’s family identified the body, police said.
Ravi was Thursday called by friends for consuming liquor but an argument broke out between them over a trivial issue and he was stabbed to death with a broken bottle of beer, police said.
The victim’s friends disfigured his face with a heavy stone so that the body could not be identified, police official said.
“We nabbed all the four accused, who live in the same area, Friday night,” said a police officer.