Bank fraud gang busted in Capital

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Bank fraud gang busted in Capital

The main accused is still at large and search op is on.

Watch out! Your personal data with your trusted banks or insurance companies is now in the hands of notorious cheats who are fooling you on pretext of getting insurance/pension policies with maximum benefits. Thanks to the availability of personal data online along with the availability in the grey market.

Delhi Police have busted a similar gang of cheats who duped number of citizens to the tune of crores of rupees, posing as Insurances Agents of reputed Insurance companies. The gang was active for the past two years.

The cops have arrested five members of the gang. However, the main accused is still at large and the man-hunt is underway.

Atleast 200 people duped of `1,40,00,000 and the amount was credited in five accounts. The gang members have been identified as Nishant Khan (32), Mohd Javed (38), Vasu Kumar (27), Rahul Sharma (23) and Rahees Malik (26).

ALSO READ: Over 23,000 bank fraud cases involving Rs 1 lakh crore reported in 5 years: RBI