The crime branch has arrested five persons, including two managers of Muthoot Finance, for allegedly availing loans on spurious gold items in connivance with each other.
Crime branch officials said the accused, identified as Dheeraj Sachdeva, 25, Matloob Saifi, 29, Sandeep Verma, 36, Daljeet Singh, 33, and Charanjeet, 56, were involved in a fraud amounting to `2 crores.
The accused Sachdeva is a sales manager with Muthoot Fincorp Ltd while Saifi worked as a manager in the Karol Bagh branch.
Dyes used for making fake gold biscuits and coins which were deposited to avail a loan of `2 crores have been recovered from them. The incident came to light when a Muthoot official filed a complaint with the police early this month stating that three customers had deposited fake gold items and availed a loan of `2 crores.
During investigations, it came to light that an organised gang was availing loan from the firms various branches by submitting spurious gold items and fake documents.
“A trap was laid near DDA Sports Complex in Sector-11, Dwarka, and the five persons were arrested. They revealed that they took loan of `18 lakhs from Muthoot Fincorp’s Najafg-arh branch, `40 lakhs from Daryaganj branch, `51 lakhs from Karol Bagh branch, `4 lakhs from Patel Nagar branch, `11 lakhs from Dwarka branch, `3 lakhs from Najafgarh branch and `9 lakhs from the Bhajanpura branch using fake gold,” DCP (crime) Ashok Chand said .
Singh is a goldsmith while Charanjeet is a dye-maker. The police is investigating their involvement in similar cases.