The CIA staff of the Police Commissionerate recently uncovered a vehicle loan scam and arrested four employees of a finance company. The accused were allegedly using forged documents to obtain loans for vehicles in the names of random people.
The arrested individuals have been identified as Harjinder Pal Singh from Janakpuri, Lalit Kumar from Harbanspura, Deepak Kumar from Hundal Chowk, Bhamian Road, and Pankaj Kumar from New Shivaji Nagar.
The scam came to light after an investigation was launched following a complaint by Amandeep Singh, the Punjab, Chandigarh, and Haryana head of Muthoot Capital Service Limited. Singh reported that the accused had been involved in fraud for quite some time.
The fraud was revealed when the company began failing to receive the installment payments for the loans, which led to an inquiry. During the investigation, it was discovered that the accused had used identification documents of unsuspecting individuals to apply for two-wheeler loans in their names.
An FIR has been registered based on sections of the Bharatiya Nyaya Sanhita (BNS), including cheating, forgery, and criminal conspiracy. Investigations are ongoing, with police uncovering further details about how the accused deceived people into lending them their IDs.
