Delhi Police Busts Vehicle Loan Fraud Racket, Arrests Three Key Members
6 hours agoCrime
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3 SourcesNew Delhi, India
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Delhi Police Busts Vehicle Loan Fraud Racket, Arrests Three Key Members

Delhi Police's Crime Branch has busted an organized vehicle loan fraud racket, arresting three key members. The syndicate allegedly used forged identity documents, including Aadhaar and PAN cards, along with fabricated ITRs, to obtain vehicle loans from multiple banks. After defaulting on repayments, the accused sold the vehicles, causing financial losses. Investigations revealed vehicles were re-registered in different states to evade tracking. One accused impersonated multiple individuals, and a documentation shop operator was also arrested.

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