Duo convinced him that with the help of the third accused, they could get a loan of Rs 100-crore sanctioned for his development works
(Clockwise from top left) the accused Sitaram Jaiswar, Mohammed Khan and Abrar Pansari
The RAK Marg police are investigating a case involving the owner of a consultancy firm and two others, for allegedly cheating a businessman of Rs 3.65 crore after promising to help him get a loan of Rs 100 crore. The accused also gave a fake loan sanction letter of a bank to the victim. The accused have secured interim bail till June 29.
Manoj Kumar Singh, 38, is a director of Ekdant Group, a construction company in Sewri. The alleged accused were identified as Abrar Pansari, Sitaram Jaiswar and Mohammed Salim Khan. Jaiswar and Khan were once partners of Singh. During investigation police found that the accused have criminal records in Mumbai and Pune for cheating 14-15 people.
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Police said the alleged cheating took place between 2014 and 2020. Singh was approached by Pansari, through Jaiswar and Khan, saying they could help get a loan for his development projects. Singh said, “In 2014 Sitaram Jaiswar and Mohammad Salim Khan told me they could help arrange a Rs 100 crore loan. They told me Pansari would help me. They said I would have to pay them Rs 2 crore which is mandatory, which I paid. But they didn’t pass my loan. Later, they asked for more time. I then got a sanction letter from a bank. But they asked for more money to complete the process and I paid them Rs 3.40 lakh.”
“But when I visited the bank, I found the sanction letter was fake. I asked for my money back, but Jaiswar and Khan lured me into another loan of Rs 9 crore and took a fee of Rs 25.30 lakh. I realised I was cheated again when this loan also did not get approved. I threatened to register a case against them. Then Pansari handed me a post-dated cheque in 2015 and whenever I said I would deposit it, he made some excuse and asked me to delay,” said Singh. The police said Pansari even gave him a new cheque few times and even took back a cheque and gave him another from another bank, etc. This went on for a few years. The police said Singh was cheated in all of Rs 3.65 crore.
In 2021 when Singh finally deposited the cheque, it bounced, then he approached RAK Marg police and registered a case on June 7. The police said they have registered a case under various sections of IPC against the trio.
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