New Delhi, Oct 31 (IANS): A Delhi man has been arrested on charges of defrauding a bank of Rs 2.5 crore by forging land papers and then raising a loan, police said on Saturday.

Accused Brij Gopal had grabbed the property of complainants on the basis of fake documents and siphoned off money, police added.

Police said that Brij Gopal produced two sales deeds, claiming that he had purchased two pieces of land measuring 600 sq yards from one Sunil Kumar, even though this land belonged to late Surjan Sharma, father of one of the complainants.

On the basis of the said forged sales deeds, Brij obtained a loan of Rs 2.62 crore from Karur Vysya Bank.

"He induced the complainants to give their property on rent but later prepared forged documents of the property. Accused further mortgaged the property with Karur Vysya Bank," the officer added.

"During investigation, it was found that payments were never made to alleged seller Sunil Kumar by Brij and it was just a sham transaction. The address mentioned in the sale deed too was incomplete," OP Mishra, Joint Commissioner of Police (Economic Offences Wing), said.

Enquiries with India Security Press qua stamp papers also showed that the documents were forged and the stamp vendors mentioned therein were not as per official records.