ENew Delhi|January 12, 2026: The Delhi Police Crime Branch has busted an organised gang involved in defrauding banks and financial institutions of crores of rupees by availing vehicle loans on the basis of forged documents. Three key members of the gang have been arrested, and five high-end vehicles have been seized during the operation. Investigations revealed that the accused used fake Aadhaar cards, PAN cards and income-related documents to secure vehicle loans and later sold the vehicles in different states without paying the instalments.
How the Fraud Was Carried Out
According to police officials, the gang operated in a systematic manner, exploiting gaps in the loan verification process. The accused would submit forged identity and income documents to banks and non-banking financial companies, obtain approval for vehicle loans, and then deliberately default on repayments. The vehicles were either used briefly or sold soon after loan disbursal, causing significant financial losses to lenders.
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Aman Kumar Identified as Mastermind
The main accused has been identified as Aman Kumar, who allegedly acted as the mastermind of the operation. Police said Aman opened multiple bank accounts using fake identities and used these accounts to apply for vehicle loans from various banks and finance companies. Once the loans were sanctioned, he either retained the vehicles for a short period or sold them outright, ensuring that no EMIs were paid.
Role of Associate Dheeraj Alias Alok
Investigators also found that Aman was assisted by his close associate Dheeraj alias Alok, who played a crucial role in the execution of the fraud. Dheeraj was actively involved in arranging forged documents, opening bank accounts, completing loan application formalities and coordinating the delivery and resale of vehicles. During interrogation, Dheeraj admitted that he, along with Aman, had taken vehicle loans from multiple banks using false identities and intentionally defaulted on repayments.
Forged Documents Traced to Sai Document Centre
Based on information provided by Dheeraj, the Crime Branch conducted a raid at ‘Sai Document Centre’, leading to the arrest of its operator, Naresh Kumar. Police said the document centre was being used to prepare forged Aadhaar cards, PAN cards and other identity documents for the gang. During the search, officials recovered iris scanners, biometric machines, computer systems, printers and other digital equipment used to create fake identities and manipulate authentication processes.
Five Vehicles Seized Across Accused Locations
The police seized three vehicles — a Tata Altroz, a Maruti Brezza and a Mercedes-Benz car — from the possession of Aman Kumar. Two more vehicles, a Scorpio-N and a Toyota Hilux, were recovered from Dheeraj alias Alok. Officials said all the seized vehicles were purchased through loans taken from different banks and financial institutions, but none of the borrowers paid regular instalments.
Investigators Suspect Wider Network and Higher Losses
Senior Crime Branch officials stated that preliminary investigations indicate the fraud is not limited to a few isolated cases but is part of a well-organised and long-running network. The gang employed modern technological tools and sophisticated methods of forgery to bypass banks’ Know Your Customer (KYC) norms and verification mechanisms.
Police are now working to identify other members linked to the gang and are examining records to determine the extent of losses suffered by various banks and finance companies. Officials said more arrests are likely as the investigation progresses. The total amount involved in the fraud is expected to run into several crores of rupees.
Concerns Over Vehicle Loan Verification Systems
Further investigation is underway to trace the inter-state network involved in the resale of vehicles and to assess whether similar frauds were committed in other regions.
