New Delhi, August 14: The Shahdara Cyber Police Station has apprehended two cybercriminals involved in a loan fraud case. Authorities seized two mobile phones, two SIM cards, and an ATM card from the suspects.
The arrests stemmed from a complaint filed by Krishna Avatar Sehgal, a resident of Shahdara, Delhi. He reported that while processing a bank loan, he received a call from an unknown number. The caller, claiming to be a loan-processing officer, tricked him into making multiple payments under the pretense of processing fees and loan approval. Sehgal later discovered that the caller had no affiliation with any bank and had defrauded him of ₹1,10,000. Following this complaint, the police formed a team to capture the suspects.
During the investigation, Ravi Kumar, a 26-year-old from Etawah, was identified and arrested at his rented accommodation in Ghaziabad’s Vaishali. The mobile number used for the fraudulent calls was registered in his name and was linked to another cybercrime case in Delhi. During questioning, Kumar revealed that he had destroyed the SIM cards after the fraud. He had arranged bank accounts to receive the stolen funds and transferred the money to his accomplice, Kundan. CCTV footage captured Kumar withdrawing the fraudulently obtained money from an ATM.
Further investigation led to the identification of Arun Singh, approximately 23 years old, also from Etawah. He was subsequently arrested at his rented home in Ghaziabad’s Vaishali. Evidence revealed that Singh posed as a bank executive to contact the victim under false pretenses of securing a loan. Authorities recovered an ATM card linked to an account where nearly ₹70,000 from the scam was deposited, along with two mobile phones and two SIM cards.
An examination of Singh’s mobile phone uncovered a list of customer information and phone numbers. Investigators are probing whether other potential loan applicants were targeted or if there were plans to do so.
The investigation further revealed that Singh impersonated Shivam Thakur, an employee of Yes Bank, to communicate with victims. An employee ID card bearing Thakur’s name was also found on Singh’s mobile phone. Authorities are continuing to investigate the origin, authenticity, purpose, and scope of the identification materials recovered.
The suspects employed a fraudulent scheme under the guise of loan-processing fees. They targeted individuals applying for loans, posing as bank officials or loan-processing executives, and misled victims into believing that fees were required for processing, documentation, or approval. Once they received the money, the suspects would either cease communication or continue to fabricate excuses to extract more funds.
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