Shahdara Cyber Police arrested two accused of a gang who cheated Rs 15 lakh in the name of getting a loan by posing as fake DSA and recovered Rs 6.95 lakh in cash.
New Delhi: Shahdara Cyber Police has tightened its grip on a gang that was allegedly cheating people in the name of providing loans and overdraft facilities by posing as fake Direct Selling Agents (DSA) of private banks and financial institutions. The team of Cyber Police Station Shahdara has arrested two accused Adeeb Khan and Anees Ali in the case of alleged fraud of Rs 15 lakh.
Rs 6 lakh 95 thousand in cash has been recovered from the possession of the accused. Shahdara District DCP Rajendra Prasad Meena said that another accused of the gang, Rajendra, is still absconding and raids are being conducted in search of him.
Trap laid by luring low interest
According to the police, complainant Akshay Verma was in need of overdraft/loan facility. During this time he met Adeeb Khan. It is alleged that Adeeb, claiming himself to be a DSA of other private banks including Bajaj Finserv, promised to get a loan at a low interest rate. When the conversation progressed, the accused asked for checks from the complainant in the name of completing the loan process.
The complainant believed it and sent three checks including a signed blank check of Rs 15 lakh to KM Trade Towers in Kaushambi through a porter. According to the police, there was no direct meeting between the complainant and the accused. It is alleged that during this period, a check worth Rs 15 lakh was misused and the amount was deposited in a Mule Canara Bank account. Later the entire amount was withdrawn through two cheques.
Digital clues led to the accused
As soon as the matter came to light, the team of Cyber Police Station Shahdara started investigation. In the technical and financial investigation, bank accounts, mobile numbers, IMEI-IMSI, call detail records, IPDR, WhatsApp chats and the entire chain of transaction and withdrawal of money were scrutinized. After linking the banking and digital evidence, the police got important clues about the accused.
After this, continuous technical monitoring and action was taken at the field level. According to the police, Adeeb Khan and Anees Ali were traced and arrested on 25 September 2026. During the investigation, the movement of the accused and the places used by them were also analyzed, which helped in connecting the entire chain of the alleged fraud.
First the DSA experience, then the alleged abuse of the same experience
Police investigation revealed that accused Adeeb Khan had earlier worked as DSA for various private banks. Presently he was working as a Third Party DSA associated with Bajaj Finserv on commission basis. Police allege that taking advantage of this past experience, professional contacts and customer information, he used to search for people who needed loan or overdraft facility.
After this, he would contact potential customers through WhatsApp and pretending to be the real DSA of the bank, he would assure them of providing financial facilities at attractive interest rates. After trust was established, checks and documents were obtained in the name of loan process. According to the police, later these checks and documents were allegedly misused and the money was withdrawn.
The fraud amount was also divided
According to the police, out of the alleged fraud amount of Rs 15 lakh, Rs 9 lakh went to Adeeb Khan, Rs 3 lakh to Anees Ali and Rs 3 lakh to absconding accused Rajendra. Anees Ali is accused of allegedly providing the Mule Bank account and playing a role in withdrawing the amount. According to the police, the vehicle used by the accused also belonged to Anees Ali.
Cash worth Rs 6.95 lakh recovered
During the action, police recovered Rs 6 lakh 95 thousand in cash. The recovered amount includes 1,390 notes of Rs 500. The police is now busy in arresting the absconding accused Rajendra as well as recovering the remaining amount of the fraud.
Police busy investigating gang network
The investigation is still going on. The police is investigating the entire money trail along with the search for the absconding accused. Apart from this, other Mule Bank accounts, possible associates and other victims of similar fraud are being identified. Police are also trying to find out how big is the scope of the alleged fake DSA network and whether other people were also targeted in a similar manner.
These policemen played an important role
A special team of SI Balbir Chand, Head Constable Harendra Kumar, Head Constable Ajit Balyan and Head Constable Rajesh was formed for technical investigation and action. The team took action under the leadership of Inspector Vijay Kumar, SHO Cyber Police Station Shahdara. The entire operation was carried out under the close supervision of ACP Operations Mohinder Singh and overall supervision of DCP Shahdara Rajendra Prasad Meena.
Cyber Police has appealed to the people not to give check bank details or important documents without verification to any person contacting them pretending to be a representative of a bank or financial institution. In case of suspected financial or cyber fraud, immediately informing the police can prove important in investigation and recovery of money.