Four Youths Arrested for Cheating People of Lakhs with "Magical Pen" Trick

Strategic Insights -

A gang of four youths, led by 26-year-old Pardeep Singh Dalal, has been arrested by the east district police in New Delhi for allegedly cheating people out of several lakhs by promising them bank loans for which their applications had been rejected. The accused used a "magical pen" to dupe unsuspecting victims, collecting data from banks on some pretext and convincing the victims that they would get the loan passed through some connection in the bank. However, the victims were left in shock when they discovered that large sums of money had been withdrawn from their accounts using the same check.

Key Takeaways:

  • The accused gang leader, Pardeep Singh Dalal (26), collected data from banks on some pretext and convinced victims that they would get the loan passed through some connection in the bank.
  • The gang used a "magical pen" to obtain signatures from victims, whose ink could be erased later.
  • The gang filled out cheques with the amount available in the victim's account and got the cheque amount transferred to a bank in which they had opened an account using fake I-cards.
  • The accused have admitted to cheating many persons in the past three years, earlier cheating them of around Rs 20,000, but in the past five months cheating bigger amounts.
  • The gang was caught after investigation into a woman's complaint that she had been cheated of Rs 7.5 lakh.
  • The gang leader, Pardeep Singh Dalal, had approached the woman in IP Extension on May 27, offering help to get a home loan from ICICI Bank even as her application had been rejected.

Statistics:

  • The accused gang cheated people of several lakhs by promising them bank loans for which their applications had been rejected.
  • The accused used a "magical pen" to dupe unsuspecting victims.
  • The gang leader, Pardeep Singh Dalal, collected a cheque for Rs 1,108 from a victim as processing fees.
  • The gang filled out cheques with the amount available in the victim's account and got the cheque amount transferred to a bank in which they had opened an account using fake I-cards.
  • The accused have admitted to cheating many persons in the past three years, earlier cheating them of around Rs 20,000, but in the past five months cheating bigger amounts.
  • Rs 7.5 lakh was withdrawn from a victim's account using the same cheque.
  • The gang was caught on July 22 after investigation into a woman's complaint that she had been cheated of Rs 7.5 lakh.

Sources:

  • Times of India: Four youths arrested for cheating people of lakhs with 'magical pen' trick (no date provided)