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Delhi Tenants Used Forged IDs to Secure Rs 18 Crore in Loans, Police Say

Police say the scheme relied on registered rent deeds, a sourced PAN, a hired impersonator, a forged sale deed and a network of 11 shell companies to siphon funds.

A tenant, a fake PAN and ₹18 crore: How this Delhi woman became the victim of an alleged loan fraud

Overview

  • The fraud began after two men rented two flats in June 2012 and later used the registered rent agreements to access the owner’s property details and records.
  • Investigators found the accused sourced a PAN in the victim’s name from another woman in Odisha and hired an impersonator to file documents at the Sub-Registrar to bypass identity checks.
  • Loans totalling Rs 18 crore were taken in the names of various companies, routed through 11 shell firms and then withdrawn, according to Delhi Police.
  • The Economic Offences Wing reopened the cold case, identified multiple aliases used by Sanjeev Dixit, and Delhi Police arrested Dixit on June 25 while the principal tenant, named Sachin, remains absconding.
  • The case highlights gaps in Sub-Registrar verification and lender KYC that let tenancy paperwork and forged IDs be used to transfer property and obtain credit, leaving the landlady financially exposed.