Delhi Police Busts Luxury Car Loan Fraud Ring: Mastermind Arrested, 5 Vehicles Seized

• Delhi Police Crime Branch and Cyber Cell busted a syndicate siphoning off crores in vehicle loans using fake documents.
• The mastermind, Aman Kumar (aka Rahul Kapoor, Shyam Sundar), used fake Aadhaar, PAN, and ITRs under different names to secure loans.
• He would default after 1-2 installments, leading banks to declare NPAs, then sell the vehicles in other states.
• Police arrested Aman Kumar, Dheeraj (involved in selling vehicles), and Naresh Kumar (owner of 'Sai Document Center' making fake IDs).
• Five luxury vehicles, including a Mercedes-Benz, Tata Altroz, Maruti Brezza, Mahindra Scorpio-N, and Toyota Hilux, were recovered.

Why It Matters: Delhi Police exposed a sophisticated luxury car loan fraud, arresting key members and recovering high-end vehicles.