Girl-dominated gang running loan racket busted

October 31st, 2010 - 5:56 pm ICT by IANS  

New Delhi, Oct 31 (IANS) Eight people, including five girls, were arrested in the capital for duping more than 500 students in an education loan racket, police said Sunday.

“They advertised extensively in local dailies in NCR (National Capital Region) offering easy education loans,” police said.

People who responded to the ads would be convinced by the girls to deposit some money in a bank account. Few days later, the gang would change their numbers, leaving the students duped.

According to police, Varun Sardana (24), Himanshu Sharma (21), Sunny Pal (22) and the five girls, aged between 19 to 27 years, were arrested Thursday afternoon from their office in Mukherjee Nagar.

The gang operated through 26 mobile phones and 16 bank accounts, obtained on fake IDs. Police also recovered unused SIM cards and 18 ATM cards from them.

–Indo-Asian News service
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