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Four held for duping people with fake loan promises in Delhi

Four persons were arrested in the national capital for allegedly cheating over 100 people to the tune of Rs 20 lakh by promising them bank loans, police said today.

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Four persons were arrested in the national capital for allegedly cheating over 100 people to the tune of Rs 20 lakh by promising them bank loans, police said today.
    
Vipin Kumar, Sanjay Sharma, Sumit Jain and Ranjit Singh were caught recently following investigations into a complaint filed by one Manohar Sagar, deputy commissioner of police (East) KC Dwivedi said.

Sagar claimed that he was cheated by the group of Rs 50,000 by promising him personal loan from a bank without much documentation and identification.

He had approached the group after seeing their newspaper advertisement and they promised him that he will get personal loan of Rs five lakh with out any problems.

"Sagar sent documents to them. Later, he received a call from them saying the loan has almost been sanctioned for which he has to deposit Rs 40,000 as processing fees. He got another call saying there is some problem in the documents for which he has to deposit another Rs 10,000," Dwivedi said.

Sagar, however, became suspicious and informed police. During investigation, it came to light that it was a "proper syndicate" of cheaters, police said. The accused used to lure people through advisements in various daily newspapers to get personal loans with minimum documentation and verification.
    
"They told us that they were in operation for the past three years and have duped hundreds of people of more than Rs 20 lakh," Dwivedi said. Two cars, 14 mobiles and 18 ATM cards of various banks were recovered from them.

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