3 People Cheated of Rs 7.5 Crore by Fake Bank DSA Agents
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Indirapuram (Ghaziabad): Two men have allegedly cheated three people of ₹7.50 crore by promising them bank auction properties at low rates. The victims, Rajendra Verma of Vasundhara Sector-2A, his acquaintance Pankaj Parashar, and Prince Tyagi, accused Chandrabhan Rawat of Shaktikhand-4 and Praveen Chaudhary of Duhai of posing as Direct Selling Agents (DSA) of private banks.
According to the FIR lodged on September 6, the accused had even opened an office in Vaishali Sector-1 and lured investors by offering cheap auction properties. To gain trust, they handed over a blank cheque and passport copy. Later, they allegedly took ₹2.65 crore from Rajendra Verma, ₹4.10 crore from Pankaj Parashar, and ₹75 lakh from Prince Tyagi, partly through online transfers and partly in cash.
But the properties were never handed over to the victims. When the promised properties were not handed over, the victims demanded refunds. The accused allegedly sent fake UTR numbers and RTGS cheque photos via WhatsApp, but no money was received. On being confronted, the accused threatened to kill the complainants and went underground. ACP Indirapuram Abhishek Srivastava confirmed that preliminary investigation shows that the accused had previously also committed financial frauds in the name of loans and property deals. Police have started investigation and are searching for the fraudsters.
You should be Careful
Banks sell properties of loan defaulters only through a legal auction process. Details of these auctions are always published on the bank’s official website and also in leading newspapers. Anyone interested can check these notices, verify the property details, and directly approach the bank for further information.
Banks publish auction notice like this 👇
People should be careful not to trust middlemen or agents who claim they can get auction properties at cheaper rates. Banks never authorize private agents to collect money on their behalf. Always make payments only to the bank’s official account and through proper banking channels.
Before participating in an auction, you can also visit the property and confirm the details mentioned in the notice. If you have any doubts, contact the bank branch directly for clarification. Staying alert and dealing only with the bank helps you avoid fraud and ensures your money is safe.
