EOW arrests another fraudster in illegal loan case

EOW arrests another fraudster in illegal loan case

Bhubaneswar, May 15 (UNI) The Economic Crimes Wing (EOW) of Odisha Police has arrested another fraudster from Bhubaneswar in the illegal loan application case, EOW sources learned on Sunday. The sources said Tarun Dudeja of Sector 48, Gurgaon was arrested in Bhubaneswar on Saturday under various sections of Indian Penal Code including those related to criminal intimidation, obscenity, cheating, forgery and to the criminal conspiracy. Article 66 of the law on information technology which deals with cheating has also been criticized. Earlier, the director of a shell company “IWT” was arrested and the Rs 6.57 crore money was frozen. Dudeja is the director/owner of questionable shell companies.— Digital Batua, Ipaisa online services Private Limited, Switzerland Infotech Private Limited, Bazarpe Infotech Private Limited, Milanum Enterprise and Bachat online. No less than 41 postpaid SIM cards in the names of various other people were seized from him. He and Javed Sahifi used to attract their employees and interest the vulnerable poor to open bank accounts and take SIM cards using their names. These accounts are said to be used to funnel money collected through illegal loan applications. The mobile SIM numbers connected to these bank accounts would actually be manipulated by fraudsters. All related information/calls/OTPs would land on those mobile numbers which are managed by the fraudsters and not by the actual account holder. This mechanism was used to create additional layers to confuse law enforcement and police. Typically they used 3-4 coats before the money landed in the brain’s account. They revealed that they pay around Rs one lakh to two lakh to the concerned person for allowing their bank account/SIM card to be used as a Mule account. The EOW advised people not to hand over their documents for opening bank accounts to be operated by someone else and not to allow anyone else to use their SIM card. UNI BD SSP

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