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Loan Racket Busted: Delhi Police Arrests Two, Uncovers Rs 5.3 Crore Transactions
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News18•03-10-2026, 20:00
Loan Racket Busted: Delhi Police Arrests Two, Uncovers Rs 5.3 Crore Transactions
- •Delhi Police busted a racket using forged documents to obtain an unauthorized business loan of Rs 7.30 lakh in a woman entrepreneur's name.
- •Key accused Sahil, 36, from Sonipat, Haryana, was apprehended; another 34-year-old woman was located in Dwarka and bound over.
- •Cumulative debit and credit transactions exceeding Rs 5.3 crore were detected in linked bank accounts, with six cyber-fraud complaints already connected.
- •The complainant discovered her CIBIL score was adversely affected by the unauthorized loan, which used her PAN, GST details, and signature fraudulently.
- •Sahil, a B.Tech dropout, allegedly submitted fraudulent loan applications, retained SIM cards linked to bank accounts, and received commissions, also facilitating loans through instant loan applications.
Key Questions Answered
The racket came to light after a woman entrepreneur from Burari discovered that her CIBIL score was adversely affected by an unauthorized business loan of Rs 7.30 lakh obtained using her forged company documents.
Delhi Police apprehended a 36-year-old key accused named Sahil from Sonipat, Haryana, and bound over a 34-year-old woman located during a raid in Dwarka's Kailash Puri.
The primary accused allegedly submitted loan applications via a finance company's mobile app using edited PAN cards, GST and Udyam certificates, retained victim SIM cards, and received commissions while shifting to instant loan apps.
