Man held in Rs 1.6 crore loan fraud racket
The Delhi Police has arrested a 24-year-old man from Punjab for allegedly being part of a cyber fraud syndicate that fraudulently obtained loans worth around Rs 1.6 crore by misusing Aadhaar and PAN details of nearly 50 people, an officer said on Saturday.
The accused, identified as Ajay Kumar, was arrested on Friday. A mobile phone allegedly used in the crime has been recovered from his possession, police said.
