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Delhi Police Uncover Rs 15 Lakh Loan Fraud Racket

rediff.com · DistrictNews · 2026-09-28

Delhi Police Uncover Rs 15 Lakh Loan Fraud Racket

Delhi Police Uncover Rs 15 Lakh Loan Fraud Racket. Two individuals, Adeeb Khan (alleged mastermind) and Aneesh Ali, were arrested in Delhi for a Rs 15 lakh loan fraud. The accused posed as Direct Selling Agents (DSAs) of private banks. Victims were tricked into sending cheques, including blank signed ones, which were then misused and deposited into mule bank accounts.

Why it matters. This incident highlights the growing threat of financial scams involving fake Direct Selling Agents, emphasizing the need for caution when sharing blank signed cheques and banking details.

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