A Gang of Cheaters Busted

With the arrest of following two accused persons, team of STF of East District

busted a gang of cheaters and solved out two recent case of PS- Vivek Vihar, Delhi in which they cheated the Bank namely State Bank of Bikaner & Jaipur, Vivek Vihar Branch by sum of Rs. 21.56 Lacs by way of took vehicle loans on the basis of opening a forged Bank account. An amount of Rs. 5.02 lacs & other documents and articles have been recovered from these accused. 

1. Amit Seth S/o M K Seth R/o A 824 Pocket 4 Ashiana Palm Court Raj Nagar Extension Ghaziabad UP.

2. Naresh Arora S/o Heera Lal R/o 1/6513 Azad Gali No.2 East Rohtash Nagar, Shahadara , Delhi.

INCIDENT, TEAM & OPERATION:

 On the Complaint of Chief Manager of State Bank of Bikaner & Jaipur, Vivek Vihar Branch, Delhi, two cases of cheating were registered vide FIR No. 1195/15 u/s 420/406/468/471 IPC & 1196/15 u/s 420/406/468/471/120-B IPC at PS- Vivek Vihar against above named accused persons. Investigation was conducted by the team of STF under the guidance of Insp. K.G. Tyagi and overall supervision of Sh. Y.K. Tyagi, ACP/Operation Cell, East Distt to unearth the deep conspiracy behind cheating.

During the course of investigation, persons involved were indentified and then a team was constituted to apprehended the accused. After conducting the raids, both above named accused persons were apprehended and arrested. After interrogation both the accused confessed their involvement in cheating with the State Bank of Bikaner & Jaipur, Vivek Vihar Branch by transferring the vehicle loan amounts to a forged account, which opened by accused Amit Seth with the name of forged & fabricated company ‘Go Auto’.  

  

MODUS OPERANDI OF GANG:

The Modus Operandi of cheating is that Amit Seth, who showed off as CA by profession, contacted a show room having name ‘Go Auto Pvt. Ltd.’ and booked desired vehicles on the basis of submitting a cheque of his account which has no amount. After getting invoice from ‘Go Auto Pvt. Ltd.’ he prepared a forged invoice with the name as ‘Go Auto’ by removing ‘Pvt. Ltd.’ from it. After that he opened an account with the name of ‘Go Auto’ in Andhra Bank, at Connaught Place, Delhi. After that on the basis of that forged invoice, he applied for vehicle loans through their known agents at State Bank of Bikaner & Jaipur, Vivek Vihar Branch by keeping Bank & agents in dark. After completing all formalities with Bank he received the DD of loan by hand from the Bank and deposited the same in his forged account of ‘Go Auto’ and then withdrawn from that account to their personal accounts and used for their personal works. By this modus operandi Amit Seth cheated the State Bank of Bikaner & Jaipur, Vivek Vihar Branch by a sum of Rs. 6.50 lacs for own purpose and another of Rs, 13.70 lacs in conspiracy with Naresh Arora.  Amit Seth is the main conspirator of whole cheating while other are associated. Investigation from ‘Go Auto Pvt. Ltd.’ and from the Bank where forged account was opened by Amit Seth, cheating & forgery has been confirmed.

   RECOVERY:

1.   Cash Rs. 3.0 lacs from accused Amit Seth

2.   Cheque Book and ATM card of Andhra Bank, CP Delhi where account of “Go Auto” was opened.

3.   Laptop used in cheating

4.   Copy of forged invoice with in Laptop

5.   Rubber Stamp (two) of “Go Auto”

6.   Cash Rs. 2.02 lacs from accused Naresh Arora.

PROFILE OF ACCUSED PERSON:

1. Accused Amit Seth: aged 37 yrs is XII th passed and is aN Accountant by        profession.

2. Accused Naresh Arora : aged 50 yrs is graduate and is self employed.