New Delhi: Delhi Police have unearthed a multi-crore corporate fraud and arrested the kingpin of the racket, a hotelier who allegedly cheated as many as six major banks in the capital by extracting loans furnishing forged documents.
Parveen Juneja, the owner of restaurant chains 'Moti Mehal Deluxe Tandoori Trail' and 'Subways', was arrested by the Economic Offences Wing (EOW) of the Crime Branch on Sunday after a complaint was filed against him by the Okhla branch of the Jammu and Kashmir bank, Additional Deputy Commissioner of Police (EOW) K K Vyas told reporters.
According to the complaint, Juneja, posing as the Corporate Finance Director of Shamkeen Spinners Ltd, had taken a loan of Rs 5 crore from the bank in 2002 for purchase of machinery from three companies.
However, later it came to light that the three firms - Amba Traders, Abro Marketing and Machines Pvt Ltd and Shiv Shakti Enterprises - were fake and the documents furnished in their names were forged.
Police soon found out that the accused and his partners H B Chaturvedi and Amit Chaturvedi, Managing Director and Joint Director of Shamkeen Spinners respectively, had transferred the money to the accounts of their sister concerns - Shamkeen Multifab Ltd, Shyam Fab Enterprises Pvt Ltd and Vrindavan Marketing.
Further investigation in the case revealed that Juneja, along with the other two had cheated six other banks - Syndicate Bank, ING Vyasa, Bank of India, Credit Development Bank and China Trust Commercial Bank, of around Rs 30 crores using the same modus operandi.
Police soon launched a hunt for Juneja, a resident of Greater Kailash in South Delhi, and he was arrested from Hauz Khas area yesterday, Additional Deputy Commissioner of Police (EOW) said.
Vyas said police is also investigating whether Juneja (40) has invested the money he made through cheating in his restaurant business.
He said police had arrested Amit Chaturvedi in April and is on the lookout for H B Chaturvedi.
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