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Delhi EOW Arrests Three in ₹4 Crore Loan Fraud Using Forged Dwarka Property Papers

Police say forged IDs enabled an impersonation that secured the SBI cash-credit facility.

Overview

  • The EOW identified the accused as company director Jatin Prasad, Rajender Kumar alias Raja, and Sandeep Singh, with police noting Rajender’s prior robbery and theft cases.
  • Investigators say forged ownership documents for a Sector-12 Dwarka property were used to obtain a ₹4 crore cash-credit limit from SBI’s MG Road branch in Gurugram.
  • Police allege Sandeep Singh impersonated property owner Rahul Chaudhary and was installed as a director of Zukito International Pvt. Ltd. using forged PAN and Aadhaar.
  • The sanctioned funds were allegedly siphoned through shell companies and personal accounts, with about ₹60 lakh paid as commission to co-conspirators.
  • Arrests followed technical surveillance and digital-footprint analysis in Kaithal and Hisar, and investigators are tracing the remaining money trail.