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Cops bust two loan-guzzling rackets run by scam artists

While one gang duped bank and 'customers' of Rs 1.36 crore by submitting fake papers for third-party car loans, another bought electronics on EMI by forging documents

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Mulund police have arrested two groups of people for allegedly taking large loans from banks and financial institutes by submitting forged documents.


Sham-ful: Mulund police officers recovered a number of fake electricity bills, ration cards, tax papers, credit and debit cards from the arrested fraudsters; mastermind of the car loan fraud, Pankaj Chavre (in brown shirt). Pic/Rajesh Gupta

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