Couple loses 93 lakh to loan fraud

Nashik: A city-based couple was cheated of Rs 93 lakh on the pretext of helping the duo secure a loan of Rs 200 crore from a private financial institute in Mumbai between Oct 2023 and Jan 2024.
The Gangapur police have registered an FIR for offences punishable under sections 420 (cheating), 406 (criminal breach of trust), and 34 (crime with common intention) of the Indian Penal Code (IPC).
A police officer said the complaint has been registered by a 40-year-old woman whose husband runs a furniture business.
The couple was convinced to take an interest-free loan of Rs 200 crore from the a financial institute after paying a particular amount. Between Oct 2023 and Jan 2024, the couple ended up paying over Rs 93 lakh. However, every time they asked the suspects about the loan, they were told that the money would be deposited in a few days.
Nashik: A city-based couple was cheated of Rs 93 lakh on the pretext of helping the duo secure a loan of Rs 200 crore from a private financial institute in Mumbai between Oct 2023 and Jan 2024.
The Gangapur police have registered an FIR for offences punishable under sections 420 (cheating), 406 (criminal breach of trust), and 34 (crime with common intention) of the Indian Penal Code (IPC).
A police officer said the complaint has been registered by a 40-year-old woman whose husband runs a furniture business.
The couple was convinced to take an interest-free loan of Rs 200 crore from the a financial institute after paying a particular amount. Between Oct 2023 and Jan 2024, the couple ended up paying over Rs 93 lakh. However, every time they asked the suspects about the loan, they were told that the money would be deposited in a few days.