India, Jan. 22 -- Noida Police have arrested three persons for allegedly cheating banks by using forged documents to fraudulently obtain vehicle loans, officials said on Wednesday.

The accused have been identified as Amit Gupta, 44, Anurag Singh, 27, and Naveen Bhavri, 48, police said. They were arrested on Tuesday night by the Phase 2 police along with the Crisis Response Team (CRT).

According to police, the accused created fake identities using forged Aadhaar cards, PAN cards and voter ID cards to open bank accounts and get vehicle loans.

"After obtaining financing for the vehicles, they allegedly sold them at lower prices in the second-hand market," said Vindhyachal Tiwari, station house officer (SHO) of Phase-2 police station.

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