3 men in Delhi use forged ID cards to take bank loans worth Rs 2.5 crore .The police said that the fraudsters cheated the banks in a planned manner and exploited the vulnerability in updating the Aadhaar card.
The Delhi Police have arrested three people who allegedly duped banks by opening accounts using forged identity cards and availed loans for over Rs 2.5 crore, officers said. DCP (Intelligence Fusion and Strategic Operations Unit) Prashant Gautam said that the fraudsters cheated the banks of crores of rupees in a planned manner and exploited the vulnerability in updating the Aadhaar card.
The police have identified the arrested as Vijay Chaudhary, Birendra Kumar, and Kuldeep.
“Vijay used to get fake Aadhaar cards prepared for targeted persons promising them to share the booty of profit earned from the business of crime. The fraudsters used to manipulate the system of updating details in Aadhaar card by replacing the fingerprints of the left hand with those of the right hand and putting coloured contact lenses in the eyes to dupe the biometric process,” the DCP explained.
The officer said that the accused opened various savings accounts online using fake documents and availed different category loans of more than Rs 2.5 crore from HDFC Bank and got more than 10 car finances through different banks. The crooks would thereafter default on payment and go incommunicado, DCP Gautam said.
The case came to the fore after HDFC Bank approached the police stating that they have identified 15 savings bank accounts opened online in the name of different people who have availed of different category loans and the amount is outstanding.
During the initial investigation, the police found that the accounts were opened by only five people using different names and different identity cards. Subsequently, the police laid a trap based on a tip-off that the accused persons will come to collect the car that they have financed from one of the victim banks under a fake name in Patparganj, the police said.
