Agra: The Cyber Crime Police have arrested the alleged mastermind of a fraud in which fake Aadhaar and PAN details were used to secure illegal loans from multiple banks, cheating around 200–250 people of nearly ₹2.50 crore.
According to police, the accused—identified as Narayan Chaurasia alias Nitin Chaurasia—used multiple identities. Investigators have traced four names linked to him: Nitin Chaurasia, Narayan Chaurasia, Manoj and Shailendra. He frequently changed temporary addresses and used those locations to generate forged Aadhaar cards, open bank accounts and complete KYC formalities for online loan applications.
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The probe revealed that since 2021 the accused, along with his associates, misused digital platforms, internet banking and email to create fabricated documents. Loans were then sanctioned in the names of unsuspecting individuals who were unaware their identities had been used.
Police said the fraud proceeds were used to purchase scooters, motorcycles, air conditioners and mobile phones on loan. These items were later sold in the market to generate cash, effectively converting the loan amount into liquid money.
The role of Delhi-based Sunny alias Pramod and another associate, Sanjesh, has also emerged in the case. Police teams have been formed to trace and arrest the co-accused, with raids underway at suspected locations.
The main accused was arrested on February 17, 2026. During interrogation, he reportedly admitted to repeatedly changing addresses to create new identities and bypass banking verification systems. Digital devices, bank account details and loan records recovered from him are being sent for forensic examination.
Officials said the network could have links across multiple states and that efforts are on to identify others involved in preparing forged documents. Police are compiling data of victims to assess the exact financial loss and have alerted concerned banks.
An FIR has been registered under provisions of the IT Act, cheating, forgery and criminal conspiracy. Investigators indicated that further arrests are likely based on the bank accounts and digital trail used by the gang.
About the author — Suvedita Nath is a science student with a growing interest in cybercrime and digital safety. She writes on online activity, cyber threats, and technology-driven risks. Her work focuses on clarity, accuracy, and public awareness.
