Mumbai: 5 arrested for forging documents, duping online finance company

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The Central Region Cyber ​​Police have nabbed five members of a cyber-fraud gang for making fake documents to fraudulently obtain loans from an online finance company in voucher form and shop from e-commerce websites, cops said.

The accused duped Early Salary Pvt Ltd by availing loans through fake documents. The company had filed an FIR after it noticed that 15 customers have availed loans in e-voucher form from their company by downloading their app and have submitted forged documents (aadhar card, PAN card) for the transaction.

The gang members made purchases from e-commerce websites like Amazon and Flipkart on installments. When the payment was not made, the finance company reached out the address mentioned on the Aadhar card and found that the details on the documents were false.

The accused Parvez Shah, Firoze Shah, Faiz Shah, Amzad Abdul Khan and Salim Shaikh were arrested by senior police inspector Sanjay Govilkar-led team of 15 police personnel from Kurla area.

Police have seized lamination machines, colour printers, cutter machines etc. from the arrested accused. A total of Rs 5 lakh 71 thousand worth of assets have been seized. Apart from this, the police have also seized 5 washing machines, 4 fridges, 33 ACs, one TV among other items purchased through the loan app by gang.

A cyber ​​police official told mid-day, "The accused used to make purchases online which helped trace their location. They kept traveling between Mumbai and Thane and also kept their mobiles switched off to prevent being tracked."

"Investigation has also revealed that the total forgery amount is Rs 26 lakh 20 thousand," the official added.

The accused were produced in Bhoiwada court which has remanded them to police custody.