Delhi: In an investigation initiated by Economic Offence Wing it is alleged that property of Abbas Kapadia situated at kondhwa, Pune is fraudulently used by some imposters to secure a loan from Caparo Financial Solutions Limited.
It is shocking to know that company such as Caparo Financial gave loan to imposters on the basis of alleged forged documents without doing proper verification. This further raises suspicions that there might be involvement and complicity of some insiders in this matter.
For the purpose of investigation Dheeraj Vashisht the CEO of company and other directors were also summoned by EOW in this matter.
If this kind of fraudulent practice are kept unchecked as properties of common citizens are used to secure loan and companies like caparo financial grants loan without proper verification will not only cause immense financial and mental loss to the rightful owner of the property but also shatters the trust of common citizens on the banking industry.
There should be stringent provision madeby authorities and actions to be taken against individuals involved in such kind of practices.