A man and his wife, classified to be habitual offenders, are in custody for a history of scams, the most recent being a car loan fraud in Delhi. The swindlers managed to fleece Allahabad Bank, which has since been rebranded to Indian Bank, of Rs 18.25 lakh in 2017 using fabricated documents.
The accused are identified as Chanchal Goyal and Deepak Goyal, aged 44, who conned the bank into granting them a car loan using fraudulent paperwork.
The Goyals, along with their partner in crime, Vinay Aggarwal, created fake documents on behalf of a non-existent enterprise, Charu Motors, which enabled them to secure the loan. Following this, the bank issued Rs 18.25 lakh from its Timarpur branch in Delhi to the fictitious Charu Motors in 2017.
Deepak Goyal’s criminal history dates back to 1998, with a total of 16 documented cases, including one involving the CBI. His wife, Chanchal Goyal, has been his constant companion in his criminal pursuits, as stated by DCP North Manoj Kumar Meena.
The scammers are also linked to three similar fraudulent car loan cases, with Deepak Goyal and Vinay Aggarwal utilizing their roles as guarantors in these illegal ventures.
Following a complaint from the bank on March 26, 2022, an investigation discovered that a demand draft issued by Allahabad Bank was deposited at HDFC Bank in Jaipur. The credited amount of Rs 18.25 lakh was later transferred to T & T Motors and Pushpender Singh in Mumbai.
The police apprehended Chanchal Goyal on May 14 in Rohini, whilst Deepak Goyal was already under arrest and in custody at Tihar Jail. Both were remanded in one-day police custody.
As per their confessions, the Goyals admitted to the creation of a series of counterfeit documents to secure car loans, resulting in a total loss of Rs 49 lakh for Allahabad Bank. They also exploited multiple fake accounts to disperse the funds.
The police are currently on the trail of their associates involved in the fraudulent operations. So far, three FIRs have been registered against the culprits for the fraudulent car loans.
The Goyals are under charges as per the Indian Penal Code sections: 420 (cheating), 464 (making a false document), 468 (forgery), 471 (fraudulently using a forged document), and 120-B (criminal conspiracy).
Further probe into the matter revealed that the fraudulent spree also included innumerable home loan fraud cases involving mortgaged properties. So severe was the magnitude of their deceit that they even caught the attention of the CBI, resulting in a defraud of Rs 4.5 crore via falsified home loans from Punjab and Sind Bank.
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Frequently Asked Questions
What were the couple charged with?
The accused husband and wife were charged under several sections of the Indian Penal Code. These include 420 (cheating), 464 (making a false document), 468 (forgery), 471 (fraudulently using a forged document), and 120-B (criminal conspiracy).
What was their method of fraud?
The couple, along with their associate, would create fake documents for a non-existing enterprise to secure a car loan. Once the loan was granted, the transfer of funds was made to this entity. They would then move these funds to other accounts, causing losses to the bank while benefitting themselves.
What’s the extent of their fraudulent activities?
According to investigations, the couple had conducted multiple fraudulent activities, which started as far back as 1998. Their scams have resulted in a total financial loss of approximately Rs 49 lakh in one single branch of Allahabad bank, not considering their other deceitful ventures involving different banks and services.
