New Delhi: Delhi Police busted a ‘Fake Loan’ scam, arresting two men involved in duping citizens by impersonating representatives of a reputed finance company. Victims were lured with promises of high-value loans and duped of money under the guise of processing fees.According to police, the fraud came to light after a complaint was received on the National Cybercrime Reporting Portal (NCRP) by a resident of Bhalswa Dairy. “The complainant reported being contacted by men posing as finance officials, who convinced him to transfer Rs 1.92 lakhs as processing and policy fees for a loan of Rs 25 lakhs. When no loan was received and unauthorised deductions surfaced, a case was registered,” said DCP (outer north) Hareshwar V Swami.A police team used technical surveillance and financial tracking to trace the suspects. “Raids were carried out at Tilak Nagar and Sabhapur Extension, leading to the arrest of Pawan Kumar (36) on June 9 and Mohammad Rehbar (28) on June 13. Both were reportedly uncooperative during questioning,” DCP Swami said.Police said Pawan handled victim interaction and impersonation, while Rehbar managed fund withdrawals. Phones, cheque books, rubber stamps, and even a desktop computer were recovered. Some items were found hidden in ceilings to avoid detection.“Pawan Kumar worked as a delivery executive and was also associated with a business, and Rehbar is a school dropout who worked with his father in a family-owned electronics manufacturing factory,” a senior police officer said.Cops revealed the scam involved cold-calling victims with fake loan offers, collecting fees, and routing the money through multiple bank accounts. Over 10 similar complaints across the country are linked to the accused. Efforts are underway to trace co-accused Sandeep and Yashish. New Delhi: Delhi Police busted a ‘Fake Loan’ scam, arresting two men involved in duping citizens by impersonating representatives of a reputed finance company. Victims were lured with promises of high-value loans and duped of money under the guise of processing fees.According to police, the fraud came to light after a complaint was received on the National Cybercrime Reporting Portal (NCRP) by a resident of Bhalswa Dairy. “The complainant reported being contacted by men posing as finance officials, who convinced him to transfer Rs 1.92 lakhs as processing and policy fees for a loan of Rs 25 lakhs. When no loan was received and unauthorised deductions surfaced, a case was registered,” said DCP (outer north) Hareshwar V Swami.A police team used technical surveillance and financial tracking to trace the suspects. “Raids were carried out at Tilak Nagar and Sabhapur Extension, leading to the arrest of Pawan Kumar (36) on June 9 and Mohammad Rehbar (28) on June 13. Both were reportedly uncooperative during questioning,” DCP Swami said.Police said Pawan handled victim interaction and impersonation, while Rehbar managed fund withdrawals. Phones, cheque books, rubber stamps, and even a desktop computer were recovered. Some items were found hidden in ceilings to avoid detection.“Pawan Kumar worked as a delivery executive and was also associated with a business, and Rehbar is a school dropout who worked with his father in a family-owned electronics manufacturing factory,” a senior police officer said.Cops revealed the scam involved cold-calling victims with fake loan offers, collecting fees, and routing the money through multiple bank accounts. Over 10 similar complaints across the country are linked to the accused. Efforts are underway to trace co-accused Sandeep and Yashish.
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