https://www.taxtmi.com/news?id=63798 Alleged organized loan fraud involved use of forged documents, fabricated financial profiles and fake identities to obtain over Rs 100 crore in home and personal loans through more than 20 shell firms and collusion with builders; eight suspects including an alleged kingpin who formerly worked as a bank loan executive were arrested. Authorities recovered extensive documentary and electronic evidence, impounded vehicles and froze about 220 bank accounts. A criminal case has been registered under the Bharatiya Nyaya Sanhita and the Information Technology Act and investigations into the network, conduits and fund flows are ongoing. en-us Fri, 05 Dec 2025 19:31:03 +0530 Fri, 05 Dec 2025 19:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=63798 Alleged organized loan fraud involved use of forged documents, fabricated financial profiles and fake identities to obtain over Rs 100 crore in home and personal loans through more than 20 shell firms and collusion with builders; eight suspects including an alleged kingpin who formerly worked as a bank loan executive were arrested. Authorities recovered extensive documentary and electronic evidence, impounded vehicles and froze about 220 bank accounts. A criminal case has been registered under the Bharatiya Nyaya Sanhita and the Information Technology Act and investigations into the network, conduits and fund flows are ongoing. News - Fri, 05 Dec 2025 19:31:03 +0530 https://www.taxtmi.com/news?id=63798