Delhi Police have busted an organised vehicle loan fraud racket with the arrest of three key accused who allegedly cheated multiple banks by securing loans using forged identity documents and selling the vehicles with dishonest intent, officials said on Sunday.
Five vehicles — including a Mercedes-Benz, Maruti Brezza, Tata Altroz, Scorpio-N, and Toyota Hilux — have been seized from the accused, police added.
According to a senior police officer, the accused created fake identities using forged Aadhaar cards, PAN cards, and fabricated income-tax returns (ITRs) to avail vehicle loans from various banks. After obtaining the loans, they intentionally defaulted on repayments, turning the loan accounts into non-performing assets (NPAs).
The Crime Branch launched the operation on December 25 following specific intelligence inputs about large-scale vehicle loan fraud. Sustained surveillance and technical analysis revealed that the fraudulently purchased vehicles were later re-registered in different states to evade tracking.
During the investigation, police identified Aman Kumar (46) as the main accused. He allegedly impersonated multiple individuals using forged identities under the names Rahul Kapoor, Shyam Sunder, and Rai Kapoor. Aman opened several bank accounts using fake documents, secured vehicle loans, and sold the vehicles to unsuspecting buyers.
A raid at his residence led to the recovery of forged documents and vehicle-related records. Aman was arrested on December 25 and later confessed to using multiple fake names and addresses for impersonation.
In a follow-up operation, police arrested Dheeraj, also known as Alok, and Siddharth, a resident of Najafgarh, on January 8. He allegedly acted in connivance with Aman and used forged Aadhaar and PAN cards along with fake ITRs to obtain vehicle loans. Two vehicles — a Scorpio-N and a Toyota Hilux — were recovered from his possession.
During interrogation, Dheeraj revealed that forged Aadhaar cards were prepared at a documentation shop in Najafgarh. Acting on this lead, police arrested Naresh Kumar, the alleged operator of the shop, on January 9.
Police recovered a mobile phone, eye scanner, biometric scanner, web camera, and a PVC card printing machine from the shop, indicating its role in producing forged identity documents. Further investigation is ongoing.
