Magic pen makes loans vanish!

Delhi police arrests three management graduates for cheating people of thousands of rupees using forgeryMany B-schools these days encourage their students to become entrepreneurs rather than taking up cushy jobs with multinational companies. Business unusual: MBA students allegedly involved in cheating peoplewith a 'magic' pen, produced before the media, at the PHQ in New Delhi on Sunday. PIC/Mid dayThese three management graduates, however, took things a bit too far. Delhi police have arrested Pramod Kumar Sharma, 29, Rajbir Singh, 26, and Mandhir Singh, 24 after they received a complaint from a businessman of Palwal. The accused allegedly duped hapless people into parting with their hard-earned money using the inducement of easy loans.We received a complaint about the frauds on the 19th of January. The victim told us that he saw an advertisement in a newspaper and contacted the company. Three persons met him and promised that they will provide loans at cheap rates. The accused posed as thorough professionals and told the victim that they will provide the loan only after proper verification. They asked for various documents from the victim. Arif gave them all papers along with two cheques, said a police officer.One of the accused gave him his own pen and asked the complainant to fill in the amount in the cheques with the same. Arif signed two cheques worth Rs 200 and Rs 450. The culprits assured him that the verification would be completed in a week's time and the loan would be approved after that. The verification process was conducted by the accused persons themselves. After a week, Arif contacted the accused, enquiring about his loan, but they kept on delaying the issue. Meanwhile, the cheats checked Arif's bank statement and withdrew amounts of Rs 98000 and Rs 7000 from his bank using the same cheques which were given to them by Arif. The complainant came to know about the withdrawal through an SMS from the bank. He immediately tried to contact the trio but their mobile phones were found to be switched off. In the investigation we an organised gang of three well-educated persons was running a beauty parlour and men's saloon in Vivek Vihar area, and they were involved in the crime. The saloon was a cover to avoid detection, the officer added.The cops have recovered a 'magic pen', 10 mobile phones, 23 SIM cards, four different PAN cards carrying photographs of accused Pramod Kumar Sharma with different identities. Apart from that, cops have also recovered credit and debit cards of different banks like SBI, ING Vysya, Canara Bank, Axis Bank, HDFC Bank etc with varioust particulars. Con job Meanwhile, another victim Yash Pal Singh of Uttar Pradesh also contacted the police claiming that he had also been cheated of Rs 85,000 by the same gang using the same modus operandi. Police arrested Mandhir Singh on January 20 and recovered three mobile phone banking receipts of Canara Bank. Police also recovered bank cards carrying fake identity from his possession. Cheque mate! Four persons, including a chartered accountant who is also an MBA and a Unitech employee, were arrested earlier this month for allegedly siphoning off Rs 95 lakh from the Uninor office located at Saket Community Centre. According to south district police, the fraud was committed after the Unitech employee stole cheques from his office.Chartered accountant Manoj Pahwa (34), Unitech staffer Rahul Sharma, aeronautical engineer Varun Mittal and his friend Nitin Sharma were arrested in the past two days from Meerut, south Delhi, Ghaziabad and Rohini. Another accused, Amrita Kumari who is Varun's colleague, is absconding.They had allegedly stolen 13 cheques of Unitech Wireless and encashed them through different accounts, DCP (south) HGS Dhaliwal. He added that it has been found that Pahwa, who owns Manoj Pahwa and Associates and has foreign clients on his rolls, might even be involved in turning black money white.

Magic pen makes loans vanish!

Next Story : DU stays hosteller's eviction after protest

Mid-Day Web Stories

Mid-Day Web Stories

Latest News LIVE: Man dies after suicide bid in Thane; police launch probe

IPL 2024 Final Match: KKR vs SRH match prediction by astrologer Greenstone Lobo

Paris Olympics 2024: Neeraj Chopra’s mom celebrates Silver, praises Nadeem

Maratha Quota Protests: Mumbai Traffic Hit, Trains Overcrowded, Roads Blocked

sadsad