Thaindian News

New Delhi, May 16 (IANS) Two people, including a former employee of a collection agency, have been arrested for siphoning off equated monthly instalments (EMIs) repaid by customers on their loans from a financial firm, police said Monday.

“Parveen Kumar, 25, and Surender Kumar, 24, were held from Pul Pehladpur in south Delhi area Sunday,” said Deputy Commissioner of Police Meenu Choudhary said.

The two were arrested on a complaint from a woman named Joshana that a man had collected Rs. 135,000 from her in October 2009 as full and final settlement of her loan from GE Money but this amount was not credited to her account with the firm.

Many other such complaints were also received, and it was found that the receipts given to Joshana and the others were fake.

During investigation, police found that GE Money had outsourced the collection of the EMIs from their customers through other companies like Cell Page, Bizvents and Offshoot.

Police checked records of the collection companies. “We questioned around 250 field staff and another 50 people who left the job. We found that one of these, Tejpal Rana, was unavailable as he had given a fake address,” said Choudhary.

“Tejpal Rana was using several mobile numbers. However, all those numbers were also found to have been obtained on forged documents and fictitious names and addresses,” she said.

Police after conducting electronic surveillance found that Surender Kumar impersonated as Rana and he was arrested. During interrogation, he admitted that he, along with his friend Parveen Kumar, was running this racket.

“We have, so far, received around 25 complaints regarding this. We are investigating each and one case independently and in all the cases, both of them were involved,” added Choudhary.