Bangalore police arrest gang for swindling money

A gang which cheated a woman of Rs9 lakh and sold her property has been trapped by the police.

The victim Sagai Mary had bought a house for Rs13.15 lakh in July 2009. Mary approached a gang through an advertisement as she was in need for a loan.

As Mary did not possess a PAN card, she approached one Krishna Murthy through an advertisement.

Murthy promised Mary a loan by LIC and introduced her to Meena alias Malini and availed the original documents of the house. The accused, in association with their friend Roopa, Junaid Raj, Ravish alias Ravi, Aftab and Naveen submitted the application to LIC stating that they were buying the property for Rs17.39 lakh.

After the loan was sanctioned, the house was also registered with the Rajajinagar Registrar’s Office. It was not Mary, the actual owner, but Roopa who was taken to collect the loan amount, forging the signature.

The property was later registered in the name of Raj. Just Rs8 lakh from the loan amount of Rs17 lakh was given to Mary. The rest was shared among the gang members.

After the arrest of the gang members, the police found that the accused Malini had a number of similar cases registered against her in Sheshadripuram, Upparpet and Kalasipalya which were pending in the court. Rs1.20 lakh was recovered from the gang along with mobile phones and vehicles.