Identity Thief Arrested for Stealing 23 Identities and Procuring Loans Worth Lakhs

A finance manager in Pune was among the victims of identity thefts by a fraudster who lived a lavish lifestyle funded by fraudulent loans. The fraudster, Yuvraj Bharat Tiwade, 45, exploited gaps in the verification system and employed an alarming modus operandi to steal as many as 23 identities over two years to procure loans. The investigation, launched by the cybercrime police station of the Pimpri Chinchwad police, uncovered an elaborate web of identity thefts orchestrated by Tiwade.

Key Takeaways:

• Tiwade, a resident of Pimple Saudagar, stole 23 identities over two years to procure loans, including a personal loan of Rs 18 lakh and Rs 15 lakh.
• The investigation revealed that Tiwade exploited gaps in the verification system and used downloaded images of Aadhaar, PAN, and other identity documents to create forged identities and addresses.
• Tiwade was arrested after a coordinated probe was launched under the supervision of DCP Sandeep Doiphode, ACP Vishal Hire, and Senior Inspector Ravikiran Nale.
• The police recovered documents of 20 other fake identities that Tiwade had created, in addition to the three identities he had stolen to procure loans.
• Tiwade used the personal loan funds for living a lavish lifestyle, purchasing jewellery and luxury items.
• Tiwade was charged with multiple counts of cheating, impersonation, and forgery and is currently in judicial custody.

Statistics:

• 23 identities stolen by Tiwade over two years.
• Loans worth lakhs procured using stolen identities, including a personal loan of Rs 18 lakh and Rs 15 lakh.
• 20 other fake identities created by Tiwade, in addition to the three stolen identities.
• Number of unfinished applications for personal loans using stolen identities: unknown
• Value of proposed applications for personal loans using stolen identities: unknown

Sources:

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