Lucknow: The Economic Offences Wing (EOW), Uttar Pradesh, has arrested Avdhesh Kumar Tyagi, a panel advocate of the Central Bank of India, for his alleged role in a Rs 2.8-crore loan fraud involving forged property documents. Tyagi, a resident of Shastri Nagar in Ghaziabad, was arrested on June 16 after evading arrest in a case registered at Kotwali Nagar police station.Officials said the case dates to 2018, when Yashdev Jain obtained a Rs 2.8-crore loan for his firm, P.D. Traders, from the bank’s Wright Ganj branch. The loan was secured by mortgaging a property in Kavi Nagar belonging to co-accused Ram Kishore Verma.Investigators found the same property had aready mortgaged with United Bank of India’s Vikaspuri-Shahdara branch in Delhi to secure a Rs 4-crore loan in the name of A.D. Associates. The EOW alleged Tyagi submitted a legal search report without verifying original title documents and relied on a duplicate registry copy, enabling the loan sanction.
