The Economic Offences Wing of Delhi Police has arrested a woman who was allegedly involved in cheating Laxmi Vilas Bank of over Rs 3 crore. The woman was arrested from Greater Noida. The police said that Laxmi Vilas Bank had filed a complaint in January 2019 alleging that Jiya Agro Pvt Ltd through its directors - Jyoti and Harbind Singh - had availed cash credit facility to the tune of Rs 2.50 crore in 2015. A woman named Neeta Rani Gupta was shown as guarantor, who mortgaged her property to the bank.

The police said that on the request of accused persons, the credit facility was enhanced to Rs 3.25 crore in 2016. The company defaulted in the payments to the bank and during legal audit in 2018, it was discovered that the sale deed in the possession of the bank was forged. The Economic Offences Wing of Delhi Police initiated a probe on the complaint and during the inquiry, none of the accused directors joined the probe.