New Delhi: Delhi Police have cracked down on a cyber fraud operation, arresting two individuals allegedly involved in a sophisticated scheme that offered bogus loans to unsuspecting victims. The accused, Pawan Kumar (36) and Md Rehbar (28), are accused of posing as representatives of a financial institution and swindling a man out of ₹1.92 lakh.
According to police reports, the victim, Md Hasib, filed a complaint alleging that he had been defrauded after being promised a ₹25 lakh loan. The fraudsters convinced him to pay ₹1.92 lakh in processing and policy fees. “
A case was registered after the complainant reported that despite transferring the demanded fees, he neither received the loan amount nor a refund,” stated Deputy Commissioner of Police (DCP), Outernorth, Hareshwar V Swami.
The investigation revealed that the accused impersonated legitimate financial company employees to lure victims with attractive loan offers. They utilized a network of bank accounts and SIM cards to conceal the money trail.
Following the complaint, police conducted raids in Tilak Nagar and Sabhapur Extension, apprehending both suspects. “Pawan Kumar posed as a loan agent, cold-calling potential victims and offering high-value loans against an upfront processing fees. Once the fees were transferred, the money was routed through multiple accounts and withdrawn by associates, including Rehbar,” stated the senior police officer.
Authorities discovered the accused had concealed mobile phones, cheque books, and other incriminating materials within the ceilings of their residences.
The investigation has linked the pair to more than ten similar complaints across the country. Police are currently working to locate accomplices Sandeep and Yashish, who remain at large.
Pawan Kumar, a high school graduate, previously worked as a delivery executive for app-based platforms. He also had ties to an entity named R.A. Business in Tilak Nagar, which is currently under investigation. Md Rehbar, a school dropout, was employed at his father’s electronics manufacturing unit.
