Ghaziabad: A former branch manager (PNB) Link Road Punjab National Bank was arrested on Tuesday night because it was suspected of sanctioning crores fraudulges worthy of a defendant, Lakshya Tanwar, was held earlier in case of fraud 23 loans, police said.
PNB has dismissed Kashyap Priyadarshini from the service in October after the department’s investigation has shown that he, the Branch Manager of Ramnath Mishra and other employees some banks have been delibuted multi-crore loans, which are then used by Tanwar and his accomplices, which caused a big loss to the bank , police said.
Mishra was fired in July.
Kashyap, police said, has been mentioned in at least nine forgery cases and charged under Uttar Pradesh Gangsters and the ACT anti-social activity, between other IPC parts.
On Tuesday, he was arrested from the community in Noida extension after he escaped from his sahibab house.
SP City-1 Nipurn Aggarwal said TOI that Tanwar was arrested in a loan fraud case on August 31, 2021.
During the investigation, the police came to know that he had a committed loan fraud, which could be worth more Rs 450 Crore, conspiring with several bank employees.
“The defendant had committed his first fraud in 2012 from the Chander Nagar branch from PNB and was cheated by a retired DSP, LS Maurya, who had bought a flat in Turabnagar for RS 32 Lakh through the defendant.
In 2018, after a PNB official notified that the 70-lakh loan Hospital had been taken against the property, Maurya filed a complaint against Tanwar, which had transferred the property for one Krishna Kumar, a clean cloth, and guaranteed RS 70 – Lakh loans from the bank, “said Aggarwal .
The Kotwali police station submitted FIR to Tanwar below Section 420 (cheating), 467 (forgery), 468 (forgery for cheating), 471 (using as a genuine fake document) and 120B (criminal conspiracy) from IPC in 2018.
Tanwar, police said , will pose as a property agent and meet people who plan to sell their property.
He will introduce them to prospective buyers and once the agreement is beaten, he will take a registry document property on several reasons.
He uses paper to get a loan in the name of his antehouses conspiring with several bank officials, including Kashyap.
Tanwar will also offer to help victims to get bank loans.
With the help of bank officials, he will then change the loan figure for a higher number, Sp City said, adding that after the number was cleared by the bank, he provided the actual number of loans trying to victim and escaping with the remaining sum.
Police initially pegged loan fraud for Rs 50 Crore.
A sit, which was founded in October 2021 to investigate cases, then said the amount could be more than Rs 450 Crore.
Sacked Banker is held for multi-crore loan fraud
