Gurgaon: A Sector 14-based auto financing firm has accused a Noida resident and others of cheating a bank of Rs 14.62 lakh by allegedly using a forged no-objection certificate (NOC) to obtain a loan against a Mahindra Scorpio-N which was taken out on a loan.The complaint was filed by Prashant Kumar, a director of Auto Prime India Pvt Ltd, at Sector 14 police station. According to the complaint, the accused, Jitender Kumar Sah, approached the firm in April through intermediaries for financing a used 2025-model of the vehicle.The complainant said loan documents supplied through the intermediaries were processed and submitted to Jana Small Finance Bank’s Uttam Nagar branch, Delhi. After document and physical verification by the bank, Rs 14.62 lakh was disbursed on April 30 in three transactions. The amount was transferred to a dealer’s account following an undertaking given by Sah, the complaint stated.The vehicle’s ownership was subsequently to be transferred and the bank’s hypothecation endorsed on its registration certificate. During the process at the registration authority in Sarai Kale Khan, Delhi, it came to light that the vehicle already had a loan from HDFC Bank.The complainant alleged that Sah had submitted a forged NOC purportedly showing that the earlier hypothecation had been removed, allowing him to obtain a fresh loan against the same vehicle. The complaint also alleged that the vehicle’s first owner, Ashish Kumar, was involved in the transaction and had handed over the vehicle to Jitender Kumar.Prashant further alleged that when he and members of his office team went to Sah’s Noida address on June 5 seeking repayment of the disbursed amount, Sah abused and threatened to kill them.The complainant also named three intermediaries, including Sneha, Akbar and Amit, through whom the loan file had been brought to the firm, alleging that they later stopped responding.After receiving the complaint and probing the case, police registered a case under sections 61(2) (criminal conspiracy involving two or more persons to commit an offence), 318(4) (cheating and dishonestly inducing delivery of property), 336(3) (forgery intended to be used for the purpose of cheating) and 340(2) (using a forged document or electronic record as genuine) of BNS at Sector 14 police station.
