Tue. May 21st, 2019

Couple involved in money lending business cheats people in crores


FIROZABAD/AGRA: Manju Garg, a resident of Krishna Heightson Rahna Road in Firozabad, was popularly known as ‘draft vali bhabhiji’. She along with her husband Pradeep Garg ran a lucrative money lending business in collaboration with several well-known glass industrialists and real estate developers. People were happy to deal with the Garg couple until a fortnight ago when the husband and wife suddenly disappeared from the district. On Friday, a case against the duo was lodged at north zone police station. Officials suspect that Manju and Pradeep may have duped people of several crores.

According to sources, the couple borrowed money from industrialists and real estate developers on low interest rates on the pretext of booking plots and flats for them, but later lent it to poor and middle class people on high interest rates. The duo had even begun developing a residential society named Krishna Heights on Rahna Road.

On Friday, glass industrialist Neeta Gupta registered a complaint with The SP (city) Mr. RK Singh and claimed that on July 17, she had given two cheques of Rs 10 lakh each to the couple for booking a flat in the society. Similarly, businessman Rohit Agarwal claimed that he had given a loan of Rs 1.2 crore to the couple, but they did not return the money.

According to North zone station officer Sompal Saini there are several such complainants who have said that they were duped by either Manju or Pradeep. An FIR under sections 420 (cheating), 406 (punishment for criminal breach of trust), 504 (intentional insult with intent to provoke breach of the peace), 506 (criminal intimidation) of the IPC has been registered against the couple and police were trying to trace them.”

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