29-year-old Aman Sharma, identified as a key player in establishing fake companies to deceive banks, was apprehended in Ghaziabad on Thursday. He joins three other gang members already booked under the Gangsters’ Act to prevent further criminal activity.
The gang, led by Anurag Chitkara alias Anurag Arora (already arrested), is accused of defrauding multiple banks using over a dozen fictitious companies. Their modus operandi involved securing loans with forged documents, including Aadhaar and PAN cards of non-existent employees. Their modus operandi involved securing loans with forged documents, including Aadhaar and PAN cards of non-existent employees.
To bolster their legitimacy, the gang even established bank accounts for these ghost employees and made fake provident fund deductions. This elaborate scheme allowed them to swindle a private bank of Rs 6.68 crore, which has ballooned to a staggering Rs 552 crore due to unpaid interest.
With this latest arrest, the Noida police are determined to dismantle this sophisticated fraud network and recover the stolen funds.
