Delhi Police arrests 2 racketeers from Faridabad

The Economic Offences Wing (EOW) of Delhi Police has arrested two alleged racketeers who duped at least seven businessman from different states of several crores of rupees.
The accused -- Arun Kumar Sharma and Parvez Alam -- were arrested from Faridabad in Haryana on Thursday last, police said, adding that several other accused are still absconding.
According to EOW, the duo, along with other accused, duped a Gujarat-based businessman of Rs. 12.7 crore on the pretext of promising him a loan of Rs. 400 crore from a Thailand-based company.
The accused charged the victim of crores of rupees as processing fees towards sanctioning of loan, a police official said, adding that the accused used to disappear after the amount was transferred.

The accused had roped in several other people, including a foreign origin person by the name of David Welham, to run the racket.
In 2012, complainant Naresh was approached by his brother Ramesh, at the behest of his brother-in-law's sons Sanjay and Saket Sharma. The latter had told Ramesh to convince Naresh of taking a loan of Rs. 400 crore from his contact, with which they could also earn money.

Naresh agreed to take the loan of Rs 400 crore from Global Financial Corporation, in which Welham, Arun and an advocate Neeraj Gupta claimed to be officials.
In a bid to convince Naresh about the company, Arun told him that GFC is a Thailand-based company involved in business of giving loans worth crore, the official said.

There are around seven cases registered against the accused in different police stations of the country. Both the accused have been sent to 14-day police remand.