New Delhi, Jan. 1 -- The Crime Branch WR-II team has busted a gang involved in bank loan fraud leading to arrest of three individuals, police said on Thursday.

The three accused have been identified Atul Agarwal, Ajay Chaurasia and Deepak Dhoundiyal.

The accused posed as government employees, prepared forged identity cards and fake income documents, and fraudulently obtained loans from various banks.

The case came to light following a complaint filed by Loknarayan Karotiya on behalf of finance company under Section 156(3) CrPC.

The accused submitted forged government employee ID cards and fake income certificates, falsely claiming to be working as Senior Audit Officers in the office of the Comptroller and Auditor General (CAG), Bahadu...