Three held for Rs 4 cr loan fraud using forged property documents

The Economic Offences Wing (EOW) of the Delhi Police has arrested three individuals for allegedly duping the State Bank of India (SBI) of Rs 4 crore by using forged documents of a residential property in Dwarka.

- PRAJYOT DEOGHARE

Investigators found that the accused had forged ownership documents to secure the loan.

According to officials, the accused fabricated ownership papers and fake identity documents to fraudulently obtain a Cash Credit (CC) limit from SBI’s MG Road branch in Gurugram, causing a significant financial loss to the bank. The racket was uncovered after a Dwarka resident filed a complaint stating that his property documents from Sector 12, along with his PAN and Aadhaar, had been forged and misused.