Vehicle loan scam busted by CIA

The CIA-1 team has busted a vehicle loan scam, arresting four employees of a finance firm for using people's documents to fraudulently finance two-wheelers. The accused, identified as Harjinder Pal Singh, Lalit Kumar, Deepak Kumar, and Pankaj Kumar, deceived both...

Tribune News Service

Ludhiana, Updated At : 07:59 AM Feb 02, 2025 IST

The CIA-1 team has busted a vehicle loan scam, arresting four employees of a finance firm for using people's documents to fraudulently finance two-wheelers.

The accused, identified as Harjinder Pal Singh, Lalit Kumar, Deepak Kumar, and Pankaj Kumar, deceived both the company and individuals who trusted them with their documents. The scam was uncovered when the company failed to receive EMI payments. An FIR has been filed against the accused for cheating and criminal conspiracy. The investigation is ongoing.

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