Ahmedabad: Defrauder arrested after 17 years on the run

Seventeen years later the long hand of law finally caught up with a businessman who is accused of cheating several banks of Rs 36.65 lakh. A team from the Special Operations Group (SOG) of the city police nabbed Paresh Thakkar, 50 from Mumbai while he was there to visit his sister.

Thakkar, and his accomplices had used several fake documents to get loans from different banks amounting to Rs 36.65 lakh between the year 2002 and 2004. A complaint was registered with the Navrangpura police station but the case but Thakkar had been absconding. In all seven case of cheating are registered against Thakkar.He originally belonged to Vasna in Ahmedabad.

During interrogation, Thakkar said that he along with his friend Hiren Brahmbhatt took the loans after he suffered heavy losses in business.

After the fraud came to light, Thakkar first absconded to Surat and then to Mumbai where he lived for five years. Police said Thakkar then some how managed to go to Nairobi in Kenya where he set up a hardware business in partnership. Thakkar then returned to India in December 2017 and this time chose to live in Rajasthan.

Recently Thakkar decided to visit his sister in Mumbai when he was nabbed by the police.

CASE FILE

Thakkar, and his accomplices had used several fake documents to get loans from different banks amounting to Rs 36.65 lakh between the year 2002 and 2004.