A gang of nine people was nabbed for loan fraud.

Nine members of a gang, including a bank manager, arrested in India . Accused of using false information to secure car loans from banks and finance companies .

Muzaffarnagar, India: Nine members of a gang, including a bank manager, were arrested and arrested by the Kotwali Nagar police department, they were reportedly used to secure car loans from banks and finance companies using false information, remove hypothecation clauses from the new cars' registration certificates, reportedly selling them to unsuspecting customers at a premium price.They were reportedly sold these cars in Delhi, Haryana, Uttar Pradesh, and other districts, according to reports.During detention, the accused have revealed that more than 60 high-end cars have been purchased and sold so far.Meanwhile, the role of a few RTO workers is also being scrutinized.