The Delhi Police Crime Branch has busted an organised gang accused of cheating banks and financial institutions of several crores of rupees through vehicle loan fraud. The police arrested 3 key members of the gang and seized 5 high-end vehicles during the operation.
According to investigators, the accused took vehicle loans using forged Aadhaar cards, PAN cards and income documents. After securing the loans, they sold the vehicles across different states and deliberately stopped paying instalments, causing major losses to lenders.
Police said the gang followed a planned method to exploit gaps in loan verification systems. Fake identity and income documents were submitted to banks and non-banking financial companies to get loans approved. The vehicles were either used for a short time or sold soon after loan disbursal, with no intention of repayment.
The main accused has been identified as Aman Kumar, who allegedly planned and controlled the operation. Police said Aman opened several bank accounts using fake identities and applied for vehicle loans from multiple lenders. Once the loans were approved, he either kept the vehicles briefly or sold them without paying any EMIs.
Aman was assisted by his associate Dheeraj alias Alok. Investigators said Dheeraj helped arrange forged documents, open bank accounts, complete loan paperwork and manage vehicle delivery and resale. During questioning, Dheeraj admitted that he and Aman took loans from several banks using fake identities and intentionally defaulted on repayments.
Based on Dheeraj’s disclosure, the Crime Branch raided Sai Document Centre and arrested its operator, Naresh Kumar. Police said the centre was used to create forged Aadhaar cards, PAN cards and other identity documents. Officials recovered iris scanners, biometric machines, computers, printers and other equipment used to generate fake identities and bypass authentication systems.
The police seized 3 vehicles from Aman Kumar, including a Tata Altroz, a Maruti Brezza and a Mercedes-Benz car. Two more vehicles, a Scorpio-N and a Toyota Hilux, were recovered from Dheeraj alias Alok. All the vehicles were purchased through loans from different banks, with no regular instalments paid.
Senior officials said the case points to a larger and long-running network. Investigations are ongoing to identify other members, trace inter-state resale links and assess total losses, which are expected to run into several crores of rupees. More arrests are likely.
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