The Uttar Pradesh Economic Offences Wing (EOW) has arrested two individuals accused of securing a bank loan through forged property documents and identity fraud in a case that has been under investigation for several years. The alleged fraud involves a ₹25 lakh cash credit facility obtained from the Kaiserbagh branch of Allahabad Bank in Lucknow.

Officials said the arrests mark a major breakthrough in a long-pending economic offence case involving allegations of forgery, conspiracy, and financial deception.

Missing Property Documents at the Centre of the Case

According to investigators, the case dates back to 2018 when the original sale deed of a residential property located in Lucknow’s Vrindavan Yojana area was reportedly lost.

Authorities allege that the accused illegally used the missing property documents without the knowledge or approval of the property’s owner, Manju Devi, to obtain a cash credit loan from the bank. Investigators claim the loan amount was subsequently misappropriated and repayment obligations were ignored, causing financial losses to both the bank and the property owner.

The EOW believes the property records played a crucial role in securing the loan through fraudulent means.

High Court-Directed Probe Led to Fresh Findings

The matter initially came to light after a complaint was filed, leading to the registration of a First Information Report (FIR) in 2020 at Bachhrawan Police Station in Rae Bareli district.

The case included allegations of cheating, impersonation, forgery, and the use of fabricated documents. Following legal proceedings, the investigation was transferred to the Economic Offences Wing on the directions of the Allahabad High Court.

During the inquiry, investigators reportedly uncovered evidence suggesting that the accused acted in coordination and used forged records to deceive the lending institution. Based on these findings, authorities added charges related to criminal conspiracy.

Officials stated that available evidence prima facie indicates deliberate efforts to secure the loan through fraudulent representations.

Arrests Made Following Intelligence-Based Operation

The two accused had allegedly remained absconding for an extended period, frequently changing locations to avoid law enforcement action.

Acting on specific intelligence inputs, EOW teams launched coordinated operations in Lucknow on June 9 and successfully apprehended both suspects.

The arrested individuals have been identified as Arvind Singh and Mohammad Salim, residents of the Rajajipuram area of Lucknow. Police officials said Singh was arrested from Alambagh, while Salim was taken into custody from the Thakurganj locality.

Wider Investigation Continues

The Economic Offences Wing has indicated that the investigation remains active and that authorities are examining whether other individuals may have assisted in facilitating the alleged fraud.

Investigators are reviewing financial records, loan approval documents, and related evidence to determine the full extent of the conspiracy and identify any additional beneficiaries.

Officials emphasized that legal proceedings against the accused will continue under the applicable provisions of law. The agency also reiterated its commitment to pursuing cases involving financial fraud, forged documentation, and misuse of banking systems.

The arrests are being viewed as a significant development in the effort to combat economic offences and protect financial institutions from fraudulent lending practices.

A large-scale recruitment fraud linked to fake job offers in Bharat Coking Coal Limited has come under police investigation after nearly 200 job seekers were allegedly cheated out of around ₹20 crore. Investigators revealed that a Congress woman leader was also reportedly defrauded of approximately ₹24 lakh in the operation.

Authorities said the accused allegedly ran an elaborate employment racket by promising government-sector jobs in BCCL and collecting huge sums of money from candidates in exchange for fake recruitment assurances.

Fraudsters Targeted Unemployed Youth

According to investigators, the scam primarily targeted unemployed youth and individuals seeking stable public-sector employment. Victims were allegedly promised permanent positions in BCCL and were shown forged recruitment documents to make the process appear legitimate.

Police believe the fraud network operated for an extended period, using false claims of political influence and administrative connections to gain the confidence of applicants.

Officials suspect the accused collected large payments from victims under the pretext of processing recruitment formalities and securing appointments within the coal company.

Congress Leader Allegedly Duped of ₹24 Lakh

During the investigation, police reportedly discovered that a Congress woman leader had also fallen victim to the scheme and allegedly lost around ₹24 lakh. Authorities said the accused convinced victims that they had direct access to influential officials capable of arranging jobs in BCCL.

Investigators are currently reviewing financial records, digital communication, and transaction trails connected to the alleged fraud.

Fake Appointment Letters Under Investigation

Police suspect forged appointment letters, counterfeit joining documents, and fabricated recruitment paperwork were used to deceive victims. Authorities are also examining whether fake seals, signatures, and identity documents were created to support the scam.

Officials believe multiple individuals may have been involved in managing payments, contacting applicants, and coordinating fake recruitment activities.

The investigation is now focused on identifying additional suspects and determining whether the operation is linked to a wider interstate job fraud network.

Authorities Warn Against Fake Recruitment Offers

Law enforcement agencies have warned citizens to remain cautious about unofficial job offers and recruitment guarantees. Officials advised job seekers to verify employment notifications only through official government portals and authorized company channels.

Cybercrime experts noted that online recruitment scams and fake government job schemes have increased significantly in recent years, with fraudsters exploiting rising unemployment and demand for secure public-sector jobs.

Police said further arrests and financial investigations are expected as the probe into the fake BCCL recruitment scam continues.

Enforcement Directorate has arrested Deepak Singla in connection with an alleged ₹155 crore bank fraud case linked to suspected financial irregularities involving Mahesh Timber Private Limited.

The arrest followed coordinated raids conducted across Delhi and Goa, where investigators reportedly recovered financial documents, digital evidence, and transaction records that officials believe point to a larger network of fund diversion and layered financial transfers.

Multi-City Raids Led to Arrest

According to officials familiar with the investigation, the case involves allegations that several individuals and associated entities defrauded banks through manipulated transactions and questionable financial structuring.

The Enforcement Directorate carried out searches at seven locations connected to Deepak Singla, Mahesh Singla, Amrik Gill, and related business entities.

During the raids, investigators allegedly seized digital devices, company records, and banking documents believed to be connected to the suspected fraud network. Authorities stated that the evidence collected during the operation formed the basis for Deepak Singla’s arrest and further interrogation.

Officials said the investigation is focused on tracing the movement of funds and identifying all individuals and firms allegedly involved in the suspected money laundering operation.

Shell Companies and Layered Transactions Under Scrutiny

Investigators suspect that shell companies were used to move and conceal funds obtained through alleged fraudulent bank loans. According to enforcement officials, the money was transferred through multiple accounts and jurisdictions in an apparent attempt to obscure the financial trail.

Preliminary findings suggest that loan funds were allegedly diverted instead of being utilized for declared business activities. Authorities believe the transactions were deliberately structured across different states to complicate detection by financial regulators and investigative agencies.

Officials involved in the probe stated that the case may extend beyond a standard corporate loan default and could involve a broader coordinated financial network.

Probe Expands to Additional Individuals and Firms

Deepak Singla’s exact role in the alleged fraud is now under detailed examination as investigators attempt to determine whether he played a direct operational role in the financial transactions or acted alongside other key individuals.

Parallel investigations are also underway into the activities of Mahesh Singla, Amrik Gill, and multiple firms suspected of benefiting from the diverted funds.

The Enforcement Directorate is currently analyzing banking data, company filings, and digital transaction logs to reconstruct the complete movement of money linked to the case. Officials believe the pattern of transactions indicates deliberate layering designed to mask the origin of the funds.

Sources within the agency stated that additional arrests are possible as the investigation progresses and more financial links are uncovered.

While the case has triggered political reactions, officials maintained that the action is based on documentary evidence and financial records collected during the course of the investigation.