On January 8, 2025, Delhi Police’s Economic Offences Wing (EOW) arrested the Chairman and Managing Director (CMD) of a company for fraudulently obtaining a loan by fabricating a sale transaction. The scam, which involved falsified documents and misleading financial records, allowed the CMD to secure a significant loan under false pretenses.
The arrest came after a lengthy investigation into the company’s financial dealings, revealing a complex web of fraudulent transactions.
The police are continuing their investigation to uncover the full extent of the scam, as it is believed that other individuals may have been complicit in the fraudulent activities. The arrest highlights the growing need for stringent corporate financial regulations and the role of law enforcement in combating financial crimes.