Only physical presence of the applicant and his address are verified by the agency, and hence loan gets sanctioned from the bank,” police officials said. “He said he was able to get through his fraud as generally the income tax returns and bank statements are not verified by the verifying agency of the banks. After that he would file his application in the bank to get his documents verified. Police said Naveen used to forge the documents with the help of his scanner-cum-printer and would edit the required information on that document in his laptop. When police visited the address, it was found that no such person ever lived at there,” the Additional DCP said. “One such car registered in the name of Kapil Bharti, who was said to be a resident of Chhatarpur Extension, was recovered. The police later recovered two more i10 cars registered in the name of other persons. He used to charge Rs 10,000 from the applicant after getting the loan sanctioned. Naveen was detained when he failed to give valid documents of the car,” said P S Kushwah, Additional DCP (south).Īfter interrogation, the accused disclosed that he had obtained the loan from HDFC Bank by using forged documents and got the car in his wife’s name, the official added.ĭuring the course of investigation, police found that Naveen also facilitated others to get car loans on forged documents. “On Friday, the car was intercepted at Mehrauli bus terminal. “Police arrested Naveen after a tip off that the occupant of an i-10 car bought the vehicle by taking a loan on forged documents. A loan agent working with HDFC Bank for the last four years has been arrested from Mehrauli in south Delhi for allegedly providing car loan to customers by arranging forged documents.Ī total of three Hyundai i10 cars, laptop, pen drive, HP printer-cum-scanner, three forged PAN cards and six forged driving licenses have been recovered.