17 fake gold mortgage, get loans worth 85 lakh in Varanasi; 10 arrested
Ten out of 17 people, who were accused of defrauding three Canara Bank branches in the city by taking loans worth ??85 lakh, mortgaging fake gold, were arrested on Sunday, police officials said.
One person had gone to court while the search for the other six was ongoing. The fraud came to light when bank officials examined the mortgaged fake gold by an independent jeweler other than the bank’s authorized gold appraiser, they said.
“Three cases have been registered against 17 people, including Ravindra Prakash Seth, Prateek Rastogi, Vijay Prajapati, Amit Kumar Sharma and others under articles 420 (deception), 467 (counterfeiting of precious values), 468 (counterfeiting for the purpose of cheating), 471 (using a false document as authentic), 409 (criminal breach of trust) and 120 B (criminal association) of the Indian Penal Code (IPC) in two different police stations including that of Cantt and two at the Maduadih police station, following three complaints filed by officials of the three branches of the bank in this regard, ”said a senior police official.
The officer said a case was registered against 11 people in the first week of August, following a complaint from Cantt bank branch manager Rampal Singh, while two cases were registered against six people in Manduadih on August 17, following two different complaints. by the directors of two different branches in the Lahartara region.
An investigation has been opened in all three cases and teams have been deployed to different locations to ensure the arrest of the defendants, the officer said.
“On Sunday, 10 defendants including Shivnarayan Yadav, Amit Kumar Sharma, Suraj Bind, Prateek Rastogi, Sagar Kumar Maurya, Rajesh Kumar Mehta, Laxman Singh, Neha Srivastava, Shweta Zaberi and Deepa Prajapati were arrested in various places in the city”, declared Deputy Additional Police Commissioner (ADCP), Prabal Pratap Singh.
The officer said that during questioning, Prateek Rastogi revealed that he had known Ravindra Prakash Seth for a long time, a licensed gold appraiser from the two branches of Canara Bank. He befriended Seth and Vijay Prajapati and hatched a plan to make some money. “As part of the plan, Prateek and Vijay, who claimed to be the bank’s agents, motivated some people to take out a loan instead of fake gold from two branches of Canara Bank in Lahartara and one branch in Orderly. Bazaar, ”the officer said.
The gold, which they were to deposit in the branches, was provided to them by Ravindra Prakash Seth. Instead, each person who took out the fake gold loan received ??10,000 to ??15,000 as commission. Prateek, Ravindra and Vijay distributed the remaining amount equally among themselves, the officer said.
According to a bank official, the gold deposited by customers for the loan is first examined by a licensed gold appraiser of the bank and after three months the gold is again examined by a Sarraf or a jeweler. .