6 held for conducting fake fund company | Kanpur News

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Kanpur:Six individuals were arrested from town’s Panki area for supposedly conducting a bogus fund business and fraudulently charging processing charge by gullible applicants from the name of providing loan on them.
In accordance with the authorities, interrogation of the accused is underway to detain their other accomplices.
Police further said that the gang had been create temporary offices in suburban regions of the city. They’d charge individuals for submitting fee, legal fee and disbursement fees after which they switched off their mobile phones and escaped.
“The breakthrough was created by SWAT and Panki police staff. Overall, six men such as one Satyam Pandey, Alok Mishra, Sachin Dubey, Rajveer Singh, Nitesh and Karan Singh were arrested on Monday night from Bhaunti Panki place for conducting a bogus fund business and duping innocent men. Satyam and Alok are employees of a fund firm,” SSP Preetinder Singh stated.
“Police had got advice about the accused and their actions a couple of days back and was monitoring their movements. We were educated about those men and women that were conducting this bogus fund firm via an informer,” he added.
The accused have been booked under Sections 420 (Cheating and dishonesty), 467 (Forgery of invaluable safety ), 468 (Forgery for purpose of cheating), 469 (Forgery for purpose of cheating) and 471 (Applying as genuine a forged file ) of the Indian Penal Code (IPC).
They’d begun this business around one month ago. Besides a great deal of materials, approximately Rs 43,000 in money, bogus records, fake fund company loan types were retrieved from them.
“Questioning has shown they had done fraud prices worth several lakh,” said authorities.

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