Mohali Man Arrested by Rohini Police in ₹1.6 Crore Aadhaar Loan Fraud
The Cyber Police Station in Rohini has arrested a 24-year-old man from Mohali, Punjab, for his alleged involvement in a major Aadhaar-linked loan fraud racket. The syndicate reportedly targeted at least 50 victims over the past three to four months, securing fraudulent loans totaling nearly ₹1.6 crore from various private non-banking financial companies (NBFCs).
The arrest, which took place on a Friday and was announced on Sunday, followed an investigation into a complaint filed on June 25 by a Delhi resident. The complainant approached the police after receiving calls from a loan recovery agent demanding payment for a loan he had never taken.
Upon checking his CIBIL report, the complainant discovered that a personal loan of ₹4.5 lakh had been sanctioned in his name using his PAN details. He also found that the mobile number linked to his Aadhaar card had been changed, allowing the fraudsters to complete the online loan application process.
Deputy Commissioner of Police (Rohini) Shashank Jaiswal stated that the investigation tracked the loan amount to a bank account operated by the accused, who then withdrew the money in cash. An analysis of the accused's mobile phone showed that the complainant's personal details had been shared with his associates prior to the fraud, confirming his role in the conspiracy.
During interrogation, the accused, identified as Kumar, allegedly admitted to being in contact with a Punjab-based cyber gang that specialized in obtaining loans using stolen identity documents. The gang's operating method involved first changing the mobile numbers linked to the victims' Aadhaar cards, then using their Aadhaar and PAN details to apply for loans through private finance companies and NBFCs.
The DCP added that the loan amounts were transferred to bank accounts belonging to individuals who allowed the gang to use their accounts in exchange for a commission. Police have recovered several ID cards used to execute the fraud.
Investigators are now tracing other members of the syndicate, identifying mule bank accounts, and checking whether more victims in other states were targeted using the same method. Senior police officers noted that at least 50 victims have been identified so far based on Kumar's account details and interrogation.
