Meerut, June 5 -- The Meerut unit of UP Police Special Task Force (STF) on Wednesday arrested the mastermind of an inter-district gang that had been fraudulently financing luxury cars using fake documents and Aadhaar-linked address manipulation. The gang would then sell these vehicles at a profit without repaying the loans, defrauding banks of crores of rupees.

The arrested accused, identified as Anangpal Nagar, was apprehended near Krishna Public School on Kila Parikshitgarh Road on Wednesday. The STF recovered a Toyota Fortuner worth Rs.40 lakh from his possession, which had been financed fraudulently.

According to STF SP Brajesh Kumar Singh, the team had been receiving inputs about a syndicate active across various banks, taking car ...