A 27-year-old man was arrested for allegedly duping people on the pretext of providing them loans against insurance policies, police said on Monday. The key accused has been identified as Anoop Kumar Kushwaha, a resident of Uttam Nagar. The complainant, Jagdeep Singh, told police that he received a call from Suraj Kumar in 2016 who offered him a loan of Rs 50 Lakhs against a new insurance policy.

Singh purchased the policy for an amount of Rs 50 lakh and paid a premium of Rs 1.36 lakh per year, said Deputy Commissioner of Police (West) Monika Bhardwaj. However, when Singh requested Suraj for loan, he asked him to purchase one more insurance policy, saying his loan amount was very high. The complainant purchased another insurance policy in the name of his brother Naveen Kumar, she added. After purchasing two insurance policies, Saini requested Suraj for sanctioning his loan.