BBA graduate among three arrested for fake loan racket

New Delhi: Delhi Police on Sunday said it busted a gang of cheats, headed by a BBA graduate, who cheated hundreds of persons of their hard earned money on the pretext of arranging easy loans on minimal interest rates.

Police said the accused have been identified as kingpin Ashraf Khan, Tasleem Ahmad and Muzammil Khan.

They added that initially, Ashraf worked with a private company.

Soon, he decided to turn to crime after watching a news report about a gang that cheated people on the pretext of fake job offers in various government departments, and formed a gang with Tasleem and Muzammil, both reported to be his relatives.

Deputy Commissioner of police (South) Vijay Kumar said that a woman complainant, belonging to a poor background and residing in a jhuggi cluster, was cheated to the tune of Rs 22,000 by some unknown men, on the pretext of arranging a low interest rate loan for her.

The complainant also alleged that she had been contacted by one Rashmi Sharma, who induced her into taking the loan, after which some men contacted her through mobile and sent her a fake loan sanction letter via WhatsApp.

Cops said the accused were arrested from near an ATM in south Delhi.

Explaining the modus operandi, cops said that the accused targetted random mobile numbers and give them to telemarketers, who induced unsuspecting people and assured them of easy loans on minimal interest rates.

Once the target showed interest, they would ask them to deposit a certain amount in a specific bank account as processing fee for documentary formalities.

The accused would them provide the prospective victim with different account numbers to deposit the amount.

After getting the money, the accused sent fake/forged loan sanction letter to the victims on WhatsApp/email.

Later, the accused would turn off the mobile number, which the victims had been contacted through, and become untraceable.

Next Story
Share it