A 38-year-old man was arrested for allegedly taking loans from banks by producing forged documents of mortgaged properties, the police said yesterday. Amit Verma was already declared a proclaimed offender in four cases and non-bailable warrants had been issued against him in six cases pertaining to financing single properties multiple times, they said.

Based on a tip-off, a trap was laid at the hide out of the accused at Dayanand Block in Shakarpur yesterday. Subsequently, the accused was arrested and five mobile phones and a car was seized from his possession, said Rajiv Ranjan, Additional Commissioner of Police (crime). During interrogation, Verma told the police that he along with his associates Nitin Arora, Sandeep Khera, Ishima Arora and Vinod Arora used to create forged documents of flats and properties which were already mortgaged with different banks, he said.