Police bust fake bond racket

Guwahati, Feb 11 : City police have busted a racket involved in preparing fake Kisan Vikas Patras and using these to avail bank loans.
The police have arrested two persons so far, one of them a woman, and more arrests are likely.
Additional superintendent of police (City) Debajit Deori said during a search conducted today at the residence of prime accused Popy Das Gogoi on RG Baruah Road, besides fake KVPs, 24 fake rubber stamps and seals were recovered, including that of Chief Justice J. Chelameswar and Justice Ranjan Gogoi of Gauhati High Court, the superintendent of Sivasagar district jail, Life Insurance Corporation and state agriculture department among others.
“It is a fraud of a very serious nature because these fake stamps and seals can be used not only to forge government documents but to produce fake court orders too,” Deori said.
The fraud was exposed when Bablu Majumdar applied for a loan of Rs 60,000 from the Adabari branch of Union Bank of India and deposited 12 KVPs, each worth Rs 5,000, yesterday as security.
“During scrutiny of the KVPs, the bank authorities had some doubt and then verified it with the postal department, which confirmed that the KVPs submitted were fake,” another police official investigating the case said.
The bank authorities informed Jalukbari police station and after preliminary probe Majumdar was arrested last evening. During interrogation he confessed that he had procured these fake KVPs from Gogoi.
The police source said they have ascertained that Gogoi had already taken bank loan thrice against fake KVPs and are hopeful that further interrogation of the accused will lead to more clues.