India, Dec. 6 -- NOIDA

The Uttar Pradesh Police's Special Task Force (UP-STF) busted an interstate syndicate that allegedly forged identities and documents to obtain high-value loans, arresting eight members in Gautam Budh Nagar late Thursday, officers aware of the developments said on Friday. They have reportedly defrauded banks to the tune of over Rs.100 crore, officers said.

Police said the suspects fabricated Aadhaar cards, PAN cards and bank documents to secure approvals.

Raj Kumar Mishra, additional superintendent of police, UP STF (Noida), said, "The network involved multiple roles: document forgers, field operatives who identified potential applicants, and those who arranged property papers or fake business details to support a...