Faridabad, Oct. 18 -- Faridabad Police have arrested two men in separate cases involving an allegedly forged bank guarantee of Rs 40 lakh submitted to a Mumbai-based finance company and the seizure of nearly 938 kg of prohibited firecrackers, officials said on Sunday.
In the financial fraud case, Sector 31 police arrested Raunak Rathore (40), a resident of Springfield Colony and operator of Quantum Resource Consultants, for allegedly submitting a forged bank guarantee purportedly issued by South Indian Bank as security under an agreement with a Mumbai-based finance company.
Police said the bank found the guarantee to be forged and unauthenticated during verification. According to the complaint, Rathore owed the company Rs 4,35,39,920. Pol...