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       Man held for cheating bank customers
 
         Posted on :08:39:30 Jul 17, 2017
   
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       Last edited on:08:39:30 Jul 17, 2017
         Tags: man, held, cheat, bank customers
 

KANHANGAD: A 61-year-old man, charged with duping bank customers of huge sum, was arrested for cheating at least 10 persons here. The man allegedly duped people by assuring them that he would intervene to get the loans they have availed themselves of fully written-off.

Abdul Jabbar, from Thottada in Kannur who runs an ayurvedic medicine shop at Chithari near here for the last two decades, was arrested by a Hosdurg police team following a complaint lodged by K. Abdulla, a resident of nearby Parappalli locality. Jabbar allegedly pocketed around Rs. 5 lakh with the assurance that he would help Abdulla write off his loan, Hosdurg police Sub-Inspector A Sathosh Kumar said. Jabbar, charged under the provisions of IPC section 420 (cheating) was remanded to two weeks judicial custody after he was produced before a court here on Saturday evening. Jabbar used to win over the trust of the cash-strapped persons by extending them help by arranging emergency bank loans by pledging relevant documents and valuables. This was, in addition to the assurance to take steps to “write off” the bank loans.

Urging his “clients” not to divulge the details of the transactions to any persons or the bank, Jabbar managed to pocket 50 per cent of the loan amount immediately after the loan amount was sanctioned, impressing them that the amount was needed to facilitate writing off of the loans they have availed themselves of.

Jabbar, according to a senior police official, had managed to arrange loans from three local banks and pocketed around Rs 50 lakh from his cash-strapped customers. The cheating came to the fore after the banks, which had advanced varying loan amount, issued auction notice to the some people who have taken loans. The aggrieved customers managed to bring Jabbar from his native place, eventually leading to his arrest.

On interrogation, the man confessed to have committed the crime.

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