Ex-finance company official held for fraud
New Delhi, March 31 (IANS) A former finance company executive, accused of a Rs.1.5-crore fraud, has been arrested, Delhi Police said Sunday.
Vishwanath Tantri, 48, was held in Bangalore Wednesday based on a complaint by Maharishi Housing Development Finance Corporation (MHDFC).
He allegedly duped the company by extending loans to many non-existent people, said Sandeep Goel, joint commissioner of police, Economic Offences Wing.
Tantri had been declared a proclaimed offender.
From 1997 to 2005, Tantri, who was manager of MHDFC's Bangalore branch, allegedly gave loans to a large number of people but later it was found that the properties against which the loans were granted were non-existent and the guarantors untraceable, said the police officer.
After an internal probe, MHDFC registered 36 first information reports in 2006 and subsequently all cases were transferred to the Economic Offences Wing in 2009, said the officer.
Honey Singh And Sonakshi's 'Desi Kalakaar' Is Impressive
August 28, 2014 at 8:09 PM
Richa Chadda -'I Won't Pose Nude On-Screen'
August 28, 2014 at 8:03 PM
Abhay Deol And Gul Panag Attend 'Step Up 5' Premier
August 28, 2014 at 7:54 PM
HOT Parineeti Unveils A New Shampoo Product
August 28, 2014 at 7:50 PM
Aamir Khan Talks About Satyamev Jayate Season 3
August 28, 2014 at 7:42 PM
PM Narendra Modi launches 'Pradhanmantri Jan Dhan Yojana'
August 28, 2014 at 6:59 PM