A high-stakes property fraud has surfaced in Ghaziabad, where a group of men allegedly created forged ownership documents of a residential house and used them to secure loans worth ₹75 lakh from a private finance company. The case, now under police investigation, highlights the growing menace of real estate scams involving fabricated registries and financial fraud.
Discovery Through Loan Recovery Calls
The fraud came to light when the actual homeowner was contacted by the finance company over unpaid installments. Shocked by the inquiry, the owner realized that his house, already mortgaged with a public sector bank against an earlier home loan, had been used again, without his consent, to raise large sums from another lender.
Investigators revealed that the alleged fraudsters prepared counterfeit documents showing ownership transfers of the same property to different individuals. These papers were then used to convince the finance company to approve multiple loans.
Tenant Named in Police FIR
Initial inquiries pointed towards the involvement of the homeowner’s tenant, identified as Neeraj Kumar, who allegedly facilitated a property survey by misrepresenting the house as belonging to another accused. Along with him, four others have been booked: Rajendra alias Raju of Defence Colony, Gyanendra of Shahdara, Mohammad Alam of Araria, and Dildar Ali of Bhagwanpur Shahdara.
The accused allegedly colluded to fabricate registries, conduct fraudulent sales, and divert large sums through the loans. Police registered a formal complaint on August 19, and the case is being monitored at the commissioner’s office level.
Authorities have assured strict action, stating that more names may emerge as the investigation progresses. The case has also raised concerns over due diligence lapses in private financing institutions, which often rely on document verification without cross-checking mortgage records in public sector banks.
