Six persons have been arrested for allegedly duping almost 700 people to the tune of Rs 2 crore on the pretext of giving insurance policies, police said today.
The accused, identified as Deepak, Rajesh, Raj Kumar, Anuj Baliyan, Vikas and Neeraj, have been arrested, said DCP(East) Omvir Singh.
On March 3, a woman, identified as Shushma approached police and alleged that she had been duped.
She had found an advertisement in a local newspaper which promised a loan against her education certificates.
She approached the company, for a loan for Rs 4 lakh, and she paid Rs 5,400 as an insurance fee and transferred the money to an account provided by them.
She was later called by a bank official who asked her to pay an additional Rs 17,500 to get her application approved by RBI. She developed doubts about their credentials, when they demanded Rs 22,500 for the approval of loan after which the complaint was registered on March 3.
"During investigation, it was found that in order to sound genuine, they used names of Reliance Finance and Bajaj Capital Finance in their advertisements. They had also procured toll-free helpline numbers of 1800 series," said the officer.
Based on technical surveillance, the accused were arrested following raids at their probable hideouts in Rohini, Nangloi and other parts of Delhi, said the officer.
Police also conducted social media profiling, analysis of call detail records and bank accounts since the IDs submitted by the accused were forged.
"During sustained interrogation, the accused revealed that they knew each other for the past two years. They had set up the fake loan company and also used newspaper as a medium to target the victims. They had promised the victims' a loan against their educational certificates.
Further investigation is underway to nab the remaining accused. Police said that they are also verifying if any more victims were duped in a similar manner.
Police has recovered 12 mobile phones, two laptops and three ATM cards of Punjab National Bank and SBI from the accused.
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