New Delhi, Oct. 3 -- Delhi Police has busted a racket which allegedly used forged documents to obtain an unauthorised business loan of Rs 7.30 lakh in the name of a woman entrepreneur, officials said on Saturday.
A key accused, Sahil, 36, a resident of Haryana's Sonipat, has been apprehended in connection with the case, while another woman, aged 34, was located during a raid in Dwarka and bound over in the case, they said, adding that cumulative debit and credit transactions exceeding Rs 5.3 crore were detected in the linked bank accounts.
Police registered a case after a woman from Burari - running Medinex Hurbo Care since May 2022 - complained that her identity and company documents had been misused to obtain a business loan, Deputy Commissioner of Police (North) Niharika Bhatt said.
The complainant said, in July 2025, she received a call informing her that a loan of Rs 7.30 lakh had been obtained in her company's name in December 2023 and credited to a bank account. Since she had neither applied for nor availed of the loan, she initially suspected the call to be fraudulent and did not take further action.
However, in January this year, while applying for an education loan for her daughter, she discovered that her CIBIL score had been adversely affected by an unauthorised business loan sanctioned by a finance company in her company's name.
She alleged that her PAN, GST details, signature and other documents had been fraudulently used to secure the loan and that the amount was credited to a bank account opened in her name without her knowledge or consent.
Police said technical and financial analysis during the investigation traced the suspects to Sonipat and Dwarka. During the investigation, it was found that the loan amount sanctioned by the finance company was credited to a bank account in the woman's name, from which Rs 1 lakh was transferred in two transactions of Rs 50,000 each to accounts held by Sahil.
Published by HT Digital Content Services with permission from Millennium Post.