Noida, Oct. 3 -- Two men from Bihar were arrested in Noida's Sector 113 on Wednesday for allegedly duping people under the pretext of facilitating loans, police said on Thursday. A case of cheating has been registered under relevant sections of the Bharatiya Nyaya Sanhita (BNS) at the Sector 113 police station, officers added. According to police, the accused were identified as Fayaz Alam, 22, and Akash Kumar, 21, natives of Chapra, Bihar. They were residing in Behlolpur, Noida, officers aware of the case said. "For past few days, we were receiving information that a gang was actively duping people on the pretext of loans. On Wednesday afternoon, we received a tip-off about the movement of the accused," said a police officer, adding that the accused were nabbed from the Sector 113 locality. During interrogation, the duo revealed that they used to approach people by posing as representatives of a Bengaluru-based finance company. "They used to contact individuals in need of loans, using data procured through acquaintances. They would charge Rs.299 as a registration fee, Rs.399 for loan verification, and between Rs.2,400 to Rs.3,200 under the guise of GST and insurance charges," said Krishna Gopal Sharma, station house officer, Sector 113. Sharma added, "After receiving the money, they used to block the victims. It came to light that in a day, they used to earn between Rs.70,000 to Rs.1 lakh." Police recovered Rs.50,000 in cash, 20 mobile phones, 128 ATM cards, 77 SIM cards, nine bank passbooks, five cheque books, seven QR codes, and a motorcycle purchased from fraudulently obtained money. Efforts are ongoing to trace their accomplices, identified as Aniket and Shubham Tyagi, police added....