Duo held by CCB for cheating finance firm by availing vehicle loans to sell with forged documents recovered 6 SUVs Worth Rs.80 Lakhs

Pramesh S Jain & Yogesh K Porwar

Officials of Central Crime Branch on Monday arrested two people who have cheated finance firm by availing vehicles loans to sell them with forged documents .

The accused Pradeep Kumar,posing as owner of a Banglore Transport solutions,approached Mahindra and Mahindra finance service limited seeking loans for the six SUVs .

He also submitted the office and house documents owned by him.

After verification of documents the firm sanctioned the loans for six vehicles in the year 2018.

The accused took the delivery of all the six brand new vehicles and escaped.He forged the vehicle documents and with the help of his associates sold them in different parts of Hyderabad city .

The cheating came to light when the staff went to his officer as he did not paid the EMIs for three months.
To their shock they found the shop was closed and went to his house to find the house was vacated and Pradeep was missing.

While the officials was trying to locate the accused , two years later,the electronic city RTO contacted Mohan Kumar,area manager of the finance firm to cross check the details of a vehicle for loan clearance .

Mohan Kumar rushed to the RTO to find that the documents submitted for the registration of SUV from Hyderabad.Moan Kumar checked the documents to find that it has been forged and the vehicle was alloted to Pradeep on Loan.

He complained to the authorities and also filed a complaint with the Mico Layout police station.Due to the inter-state ramification the case was taken up by CCB who track down Pradeep Kumar,38 and arrested him.

Based on his information the police recovered seven SUV including the six SUVs which he had availed from Mahindra finance firm on loan and another SUV from Hyderabad using similar modus Operandi.

The total value of the seized vehicles estimated to be around Rs.80 lakh.The police also arrested Mansoor Mirza,38,associate of Pradeep operating from Hyderabad.

The duo have been arrested under cheating and forgery and further investigations are on to ascertain their criminal background.