Delhi Police has finally apprehended a 42-year-old man accused of orchestrating a sophisticated bank loan fraud that remained unsolved for nearly six years. The arrest brings closure to a complex financial investigation that began in 2018.
The Elusive Fraudster Captured
Rajesh Kumar, a resident of Uttam Nagar, was taken into custody by the Economic Offences Wing (EOW) of Delhi Police after an extensive manhunt. The accused had been evading authorities since 2018 when the fraud case was initially registered at the Parliament Street police station.
According to police officials, Kumar stands accused of obtaining a substantial loan of ₹15 lakh from a nationalized bank using completely fabricated documents. The fraudulent transaction took place in 2017, but the deception only came to light when the bank discovered the irregularities in the application.
Modus Operandi of the Fraud
Investigators revealed that Kumar employed a sophisticated scheme to execute his plan. He allegedly submitted forged property papers and fabricated income documents to secure the loan approval. The documents were so convincingly prepared that they initially bypassed the bank's verification processes.
The fraud unraveled when bank officials conducted a more thorough examination of the submitted paperwork. Discrepancies in the property documents and income certificates raised red flags, prompting the bank to file an official complaint with the Delhi Police in 2018.
Police sources indicate that Kumar had created an entire false identity to support his loan application, including bogus employment records and inflated income statements designed to meet the bank's lending criteria.
The Six-Year Investigation
The case presented significant challenges for investigators from the outset. Kumar had gone underground immediately after realizing the bank had detected the fraud. He frequently changed locations and used multiple SIM cards to avoid detection, making the investigation particularly difficult.
Despite these obstacles, the Economic Offences Wing maintained persistent efforts to track down the accused. Technical surveillance and human intelligence eventually led police to Kumar's hideout in Delhi, where he was apprehended without incident.
During interrogation, the accused reportedly admitted to creating the forged documents with the help of professional document forgers. Police are now investigating whether Kumar was part of a larger racket involved in financial frauds across multiple banks.
The arrest serves as a significant breakthrough in a case that had remained cold for years. Kumar has been charged under multiple sections of the Indian Penal Code relating to cheating, forgery, and criminal conspiracy. He was produced before a local court which has remanded him to police custody for further investigation.
