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Officials of the EOW arrested three people in a Rs 28-crore loan scam on Wednesday. The arrested accused, who hail from Osmanabad and Aurangabad, had fraudulently got loans from a company for over 1,000 vehicle buyers.

Police said Sameer Suresh Barve (44), Sanjay Vasantrao Phulsounder (44) and Anil Gholap (41), have been booked under relevant sections of IPC. They were arrested after executive director of Fortune Integrated Asset Finance, CV Valia, registered a complaint. Another accused Riyaz Inamdar, who was arrested earlier, is out on bail.