Archive · 28 Sep 2026
Delhi Police Arrest Two Fake Loan Agents in Loan Fraud
Police in Delhi arrested two men accused of pretending to be bank loan agents.
They allegedly promised a person a loan at a low interest rate.
The person then sent them several cheques, including a signed blank cheque for Rs 15 lakh.
Police said the cheque was misused and the money was moved into another bank account.
The full amount was allegedly withdrawn using two cheques.
Police said Adeeb Khan planned the alleged fraud and Aneesh Ali helped provide and use the bank account.
Officers recovered Rs 6.95 lakh in cash from the two men.
Another alleged associate named Rajendra is still being sought.
Police are also checking whether more people were cheated in a similar way.
Two men, Adeeb Khan and Aneesh Ali, were arrested for allegedly cheating a Delhi resident of Rs 15 lakh.
Police said Khan posed as a bank Direct Selling Agent and offered a loan or overdraft facility at a low interest rate.
The complainant allegedly sent three cheques, including a blank signed cheque for Rs 15 lakh, to the accused through a delivery service.
Police said the money was deposited into a mule account and withdrawn using two cheques.
Police recovered Rs 6.95 lakh in cash and are searching for an alleged associate, Rajendra.
- Who
- Delhi Police arrested alleged fake loan agents Adeeb Khan and Aneesh Ali; an associate identified as Rajendra is absconding.
- What
- The two men allegedly cheated a Delhi resident of Rs 15 lakh by posing as Direct Selling Agents of private banks.
- When
- The arrests were made on September 25, according to police; the report was dated September 28.
- Where
- The complaint came from Shahdara in Delhi, while the accused were traced and apprehended in Delhi; the cheque was sent to Kaushambi.
- Why
- Police allege the accused obtained cheques by promising a low-interest loan or overdraft facility and then misused them.
- Alleged loss
- Rs 15 lakh
- Cash recovered
- Rs 6.95 lakh
- Accused arrested
- Adeeb Khan and Aneesh Ali
- Alleged absconding associate
- Rajendra
- Cash recovered in notes
- 1,390 notes of Rs 500 denomination
- Arrest date
- September 25
- Investigation
- Police are tracing the remaining money, other mule accounts and possible additional victims.