Stories
Delhi Police Busts Major Loan Fraud Racket, Key Accused Arrested
- •Delhi Police's Cyber North police station busted a loan fraud racket using forged documents and identity misuse to obtain business loans.
- •A woman entrepreneur, N Singh, reported an unauthorized ’7.30 lakh loan taken in her company's name, impacting her CIBIL score.
- •Investigation involved analyzing call records, IP logs, and bank transactions, leading to the arrest of Sahil in Sonipat, Haryana.
- •Sahil allegedly submitted fraudulent loan applications, received commission, and is suspected of involvement in 50-60 instant loans.
- •The racket allegedly used Telegram groups to collect personal information, forged documents, and controlled SIM cards to secure loans, with transactions exceeding ’5.3 crore detected.
Key Questions Answered
The Delhi Police Cyber North station investigated a complaint from a woman entrepreneur whose identity and company documents were misused to obtain an unauthorised business loan without her knowledge. Investigators used call detail records, IMEI details, IP logs, bank transactions, and surveillance on suspected mobile numbers to trace the suspects to Sonipat and Dwarka.
The key accused, Sahil, was apprehended during a raid in Sonipat after submitting a fraudulent loan application using forged documents and the complainant's mobile phone. Another suspect, Neetu Singh, was located and bound down during a subsequent raid in Dwarka.
The accused sourced genuine identity and business documents from open platforms or previous submissions, altering them with editing tools to create fake PAN cards, GST certificates, and Udyam Registration certificates. They submitted loan applications via mobile apps while keeping the OTP-receiving numbers under their own control.
