Loan scam: 11 lux­ury cars worth ` 3.6 crore seized

The three ac­cused ar­rested in Fe­bru­ary are in Taloja jail

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - HTNAVIMUMBAI - G Mo­hi­ud­din Jeddy ht­for­nav­i­mum­bai@hin­dus­tan­times.com

The Navi Mum­bai crime branch has seized 11 high-end cars from a group of di­rec­tors of a com­pany af­ter they de­faulted on car loans taken in names of var­i­ous com­pa­nies. The ac­cused had taken loans for 24 high-end ex­pen­sive cars.

Ac­cord­ing to deputy com­mis­sioner of po­lice ( crime) Dilip Sawant, “Kapil Ra­jput, Mithilesh Ra­jput, Devprakaash Ra­jput, Mu­ruge­shan Adimul­lam and He­mal Joban­putr were di­rec­tors in 13 com­pa­nies of Dwarka Group of Com­pa­nies. Be­tween 2010 and 2012, they had taken ve­hi­cle loans of Rs9.5 crore from the Vashi branch of Pun­jab Na­tional Bank to buy 24 cars.”

He said, “They paid the ini­tial loan in­stal­ments and then de­faulted on the loan re­pay­ment. They did not re­spond to the no­tices is­sued by the bank and to avoid ac­tion by the bank, shut down their of­fice and fled tak­ing the cars for their per­sonal use.”

A case was reg­is­tered against them fol­low­ing a com­plaint by as­sis­tant gen­eral man­ager of the bank Anu­pam Prasad on Fe­bru­ary 23.

The po­lice then ar­rested Kapil Ra­jput, Mithilesh Ra­jput and Mu­ruge­shan Adimul­lam on Fe­bru­ary 29. The ac­cused are lodged in Taloja jail.

Sawant said: “Fol­low­ing sus­tained in­ter­ro­ga­tion of the ac­cused, we have been able to re­cover 11 cars worth Rs3.59 crore from them.” He added, “We are work­ing on re­cov­er­ing the rest of the cars as well.”

Of the cars seized, four were seized from Ra­jput’s wife Ki­ran. Audi was seized from Ra­jput while Mercedes was seized from his brother Mithilesh who was us­ing it. It was found from out­side Pan­vel’s Gar­den ho­tel. One Linea car was seized from a garage in Ko­pri while the other from for­mer Pan­vel NCP coun-

Some of the seized cars at CBD Belapur on Satur­day.

cilor Su­nil Mo­had. Po­lice also seized the Corolla and Cruz from Ra­jput’s char­tered ac­coun­tant Dipesh Thakkar. The Mercedes was seized from And­heri res­i­dent Santosh Tal­pade.

Sawant said: “We are in­ves­ti­gat­ing how the cars that Ra­jput had bought tak­ing the loans ended up with the var­i­ous in­di­vid­u­als. We are check­ing if they were in any­way in­volved or were vic­tims.”

A po­lice source said, “Sev­eral big names could come forth soon. Ra­jput has all along been drop­ping names of top politi­cians and in­flu­en­tial peo­ple. In­ves­ti­ga­tions are on to find out if any of them were ben­e­fi­cia­ries.”

The po­lice said that Ra­jput has not been co­op­er­at­ing in the in­ves­ti­ga­tions. A po­lice source said: “He is at­tempt­ing to mis­lead us and at times even warns us of con­se­quences. It is go­ing to be a tough job to get things out from him.”

BACHCHAN KU­MAR

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.