Three held for cheating people on the pretext of issuing loans

The APMC police arrested three persons and bused a gang who used to cheat people in the pretext of giving personal and other different kinds of loans. They used to lure customer by giving them a ride in a car and showing documents of a credit society based in Dahanu.

Police said that they used to take money from clients in the guise of insurance for releasing the loan amount and would then flee.

The arrested have been identified as Rohit Susen Nagvekar, 30, unemployed and resident of Ambernath in Thane, Bhalchandra Raghunath Palav, 27, unemployed and resident of Ulwe, Navi Mumbai and Omkar Ravindra Hatle alias Mhatre, 35, a resident of Talegaon in Pune.

According to police, they used to distribute pamphlets of Akriti Finance Services, and offered all kinds of loans to people despite a problem with their CIBIL score. They also used to mention one mobile number. “When anyone used to call on the number, they asked them to come at a designated place and then gave the prospective clients a ride in an expensive car. They also used to show documents of Vijaydeep Sahkari Sanstha, Dahanu to attract customers,” said a senior official from APMC police station. He further added that they used to take money for the insurance required to release the loan as the amount of loan was huge and after taking money, they used to flee.

Last month, a case of cheating against them was registered at APMC police station under section 465, 467, 468, 471, 420 and 34 of IPC.

On September 2, police got a tip-off that they had come in Vashi to meet a prospective client. “When they came in two cars to take documents from a client, we caught them red-handed,” said the official. “We also seized the two cars and other documents that they used to cheat people. They were presented before the court on Thursday where they were sent on police custody till September 9. Further investigations are on as to how many people they have cheated,” added the official.