Noida STF busts ₹100 Crore bank fraud gang, 220 fake accounts, 8 held

• Noida STF busted a bank fraud gang, arresting 8 members for defrauding 10 banks of over ₹100 crore.
• The gang used 220 fake accounts and forged documents like Aadhaar, PAN, and voter IDs to obtain home and personal loans.
• Investigations revealed a nexus with builders in Chandigarh, Uttarakhand, Delhi, and Uttar Pradesh.
• Recovered items include 126 passbooks, 170 debit cards, 45 Aadhaar cards, 27 PAN cards, 26 mobile phones, 3 laptops, and 3 vehicles.
• Police are freezing 220 bank accounts linked to the gang and searching for other members still at large.

Why It Matters: This exposes a massive bank fraud, highlighting risks to financial security.