A 27-year-old former employee of an MNC bank has been arrested for allegedly cheating at least 50 people of money amounting to `1 lakh by promising them easy bank loans. He had lost his job during recession.
The accused Rahul Kaushal was arrested from Harsh Vihar recently after a victim Shiv Dutt Sharma filed a complaint with the police that he was cheated by someone of `4,300 on the promise of a personal loan of `1 lakh.
“Sharma told the police that an HDFC bank executive called him from his mobile phone and promised him a personal loan of `1 lakh easily and fixed an appointment.
“Kaushal visited his house next day and Sharma gave him two signed cheques of `4,300 and `4,000 besides a blank cheque and `1,000 cash. Kaushal remained in contact for 3-4 days and then went underground,” Sharma said.
The fraud came to light when Sharma checked his bank statement and found withdrawal of `4,300 from his account through the cheque which he had given to Kaushal.
The police raided several places and door-to-door search was conducted and finally Kaushal was arrested from Harsh Vihar where he was staying with his family.
Kaushal told the police that he was working In the loan department of a prestigious bank and he lost his job during recession.
Using his in-depth knowledge of the bank’s functioning, Kaushal started cheating various people on the pretext of providing them easy loans.
He duped at least 50 people of around `1 lakh.