Man Arrested in Money Forgery Case

Economics Offences Wing , Crime Branch has arrested Sanjay M. Bachchan  s/o Late Maheshwar Prasad Bachchan r/o 404, Saundarya Avenue, Channi, Vadodara, Gujarat age-50 years in case FIR No.166/12 u/s 419/420/406/120B IPC PS-EOW for inducing a person namely Sh. S.K Rastogi on the pretext of providing loan at low rate of interest.  He along with other associates cheated many complainants / victims on the same pretext.  Another case vide FIR No.163/11 u/s 420/120B IPC PS-EOW, Mumbai is also registered against him.

The complainant Sh. S.K Rastogi R/o N-14, Kailash Colony, New Delhi alleged that he was in need of loan and he was approached by one Jai Prakash Gupta who assured him to arrange private financer. The meeting was arranged with one Rajesh Gupta (who was later identified as Sanjay M. Bachchan) at Vadodara, Gujrat and he was introduced as secretary of the Jai Swami Narayan Trust and through this trust they will arrange the loan of Rs.150 crores. The accused Sanjay M. Bachchan impersonated as Rajesh Gupta and introduced complainant with C.K Soni, President of the Jai Swami Narayan Trust who promised to arrange loan of Rs.150 crores. C.K Soni stated that he would charge Rs. 5 Crores as stamp charges, processing fee and commission/ expenses for arrangement of loan of Rs.150 crores. A total sum of Rs. 5 crores was received by C.K Soni, Rs.2.35 crores in the form of RTGS and remaining in the form of cash and Jewellery. Thereafter neither money was returned nor loan was given.

            During the course of investigation it was revealed that out of Rs.2.35 crores, Rs.47 Lacs was transferred in the account of accused Sanjay M. Bachchan.  The modus operandi of the accused Sanjay M. Bachchan  was that he impersonated as Rajesh Gupta and introduced himself as secretary of Jai Swami Narayan Trust. Further he introduced complainant to C.K Soni who assured the complainant they will arrange the loan of Rs.150 Crores and they will charge a processing fee for sanctioning of loan. After usurping the processing fee they switched off their phones and starts avoiding the complainant. Further enquiry by the complainant revealed that they had no association with Jai Swami Narayan Trust. They failed to get the loan sanctioned at the same time refused to return the initial processing fee of Rs.5 Crores. In this manner complainant was cheated to the tune of Rs.5 crores.  

             A team under the supervision of the undersigned comprising of SI Sanjeev Dhodi, SI Akhilesh Bajpai, SI Rajender Dagar and HC Jaipal was constituted and raids were conducted in Vadodara and Delhi.  On 29.04.2015 a team was sent to Vadodara, Gujrat and after receiving specific information the accused Sanjay M. Bachchan was apprehended from Vadodara Gujrat. The accused was declared proclaimed offender from the court of Ld. CMM, Ms. Veena Rani, Saket Courts, New Delhi on 31.03.2014.

           

            The accused Sanjay M. Bachchan  was living a lavish life in Vadodara and running the upscale restaurant in the name of ‘APETITE’ and having fancy cars Audi and Fortuner.  He has two wives and separate house was purchased for both in Vadodara, Gujarat.