Man tries to dupe bank posing as friend of Jaitley's son, held

The accused, identified as one Japjeev Singh Chaddha, a resident of suburban Santacruz, was arrested yesterday under Sections 419 and 420 of IPC, Crime Branch Inspector, Nandkumar Gopale said today. Mumbai: A 28-year-old youth has been arrested for allegedly trying to obtain a Rs 7 crore loan from a leading government-owned bank after posing as a close friend of Union Minister Arun Jaitley’s son, police said today. According to police, the bank’s personnel had received a phone call in August this year from a person claiming to be Finance Minister Jaitley’s son who sought a favour by way of extension of credit limit on loan and lending of Rs 7 crore to a Mumbai-based company operated by his friend. “The caller told bank authorities that Chaddha, who is his friend and partner in a Mumbai-based company which has an account with the bank, would approach them,” Gopale said.