Archive · 5 Dec 2025
UP STF Busts Rs 100-Crore Loan Fraud Gang
The Uttar Pradesh Special Task Force (STF) caught a big group of people who were cheating banks by taking loans using fake identities.
They used fake documents and even set up fake companies to trick banks into giving them money.
The gang targeted people working in Gulf countries and used their details to get loans.
The police found out about this and arrested eight people involved.
They also froze many bank accounts and are still investigating to find out more about the fraud.
The UP STF busted a highly organized interstate gang involved in large-scale loan fraud, identity forgery, and property scams amounting to over Rs 100 crore.
Eight accused were arrested, including Ramkumar, a former loan executive who orchestrated the racket using his industry experience.
The gang created fake profiles, registered shell companies, and opened bank accounts with insider support to secure fraudulent loans.
Properties were purchased under fake identities with the involvement of builders, and over 20 shell firms were used to launder the defrauded money.
More than 220 bank accounts associated with the gang have been frozen, and a case has been registered under relevant sections of the Bharatiya Nyaya Sanhita and IT Act.
- Who
- Uttar Pradesh Special Task Force (STF)
- What
- Busted a Rs 100-crore interstate loan fraud gang
- When
- December 4, 2025
- Where
- Multiple cities including Noida, Lucknow, Varanasi, Haridwar, Chandigarh, Delhi, and Gurugram
- Why
- To dismantle a sophisticated fraud operation involving identity forgery and property scams
Law Enforcement
Criminal Syndicates
Operation Success
Law Enforcement
The STF successfully dismantled a large-scale fraud operation, recovering evidence and freezing accounts.
Criminal Syndicates
The gang utilized sophisticated methods to evade detection and perpetuate fraud.
- Location
- Multiple cities including Noida, Lucknow, Varanasi, Haridwar, Chandigarh, Delhi, and Gurugram
- Date of Arrests
- December 4, 2025
- Number of Accused
- 8
- Amount Defrauded
- Over Rs 100 crore
- Key Accused
- Ramkumar, Nitin Jain, Mohd. Wasi, Shamshad Alam, Indrakumar Karmakar, Anuj Yadav, Tahir Hussain, Ashok alias Deepak Jain alias Rinky
- Shell Companies
- TSA Software Services Pvt. Ltd. and Triptechie Pvt. Ltd.
- Bank Accounts Frozen
- More than 220
- Charges Filed
- Bharatiya Nyaya Sanhita and IT Act
