6 held for running fake finance firm | Kanpur News


Kanpur:Six people were arrested from city’s Panki area for allegedly running a fake finance company and fraudulently charging processing fee from gullible applicants in the name of providing loan to them.
According to the police, interrogation of the accused is underway to arrest their other accomplices.
Police further said that the gang used to set up temporary offices in far-flung areas of the city. They would charge people for filing fee, legal fee and disbursement charges and then they switched off their cell phones and escaped.
“The breakthrough has been made by SWAT and Panki police team. In all, six persons including one Satyam Pandey, Alok Mishra, Sachin Dubey, Rajveer Singh, Nitesh and Karan Singh were arrested on Monday night from Bhaunti Panki area for running a fake finance company and duping innocent persons. Satyam and Alok are former employees of a finance company,” SSP Preetinder Singh said.
“Police had obtained information on the accused and their activities a few days ago and had been tracking their movements. We had been informed about these people who were running this fake finance company by an informer,” he added.
The accused have been booked under Sections 420 (Cheating and dishonesty), 467 (Forgery of valuable security), 468 (Forgery for purpose of cheating), 469 (Forgery for purpose of cheating) and 471 (Using as genuine a forged document) of the Indian Penal Code (IPC).
They had started this company around one month back. In addition to a lot of materials, around Rs 43,000 in cash, fake seals, fake finance company loan forms were recovered from them.
“Questioning has revealed that they had done fraud deals worth several lakh,” said police.

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