Fake car loan scam: Father-son duo held in Bareilly in multi-crore racket
Meerut, May 25 -- Police in Bareilly district unearthed a large racket involving fraudulent car loans obtained through forged documents. The Baradari Police Station police arrested a father-son duo allegedly involved in the scam and recovered four luxury vehicles along with fake certificates used to secure loans from banks. The investigation has also exposed the suspected involvement of bank employees, who may face legal action in the coming days.
According to Baradari SHO Vijendra Singh, police received a tip-off late at night that vehicles obtained through fake loans were being prepared for sale at the 99 Bigha ground area costing over Rs.10 crore. Acting swiftly, a police team raided the location and arrested Mohammad Shami alias Sher...
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