The Economic Offences Wing (EOW) of Delhi Police has arrested a 66-year-old woman for allegedly cheating a private bank after availing credit facilities for Rs 19 crore using forged documents.
The officer said Singh purchased five Mercedes cars over three years and all of them were financed by the same firm. She said some officials in the transport department got the hypothecated status of the vehicles deleted from the records after which he could fraudulently sell the cars to second-hand car dealers.
A 42-year-old man, who allegedly cheated a vehicle finance company of Rs 2.18 crore, was arrested three years after he went into hiding, police said on Wednesday.