Thane businessman cheated of Rs 22 lakh in fraudulent Rs 10 crore loan promise

A businessman from Thane has allegedly been defrauded of Rs 22 lakh by a fraudster who promised to secure him a loan of Rs 10 crore police confirmed on WednesdayAccording to PTI reports the accused approached the 50yearold trader a resident of Ambernath in Thane district between March and July last year offering assistance in obtaining a highvalue loan The police have not disclosed the nature of the traderrsquos business or the reason behind his need for the loanAS PER PTI the fraudster convinced the victim that he had the necessary connections and expertise to facilitate the loan approval Under the guise of processing fees commission charges and other procedural expenses the accused allegedly extracted a total sum of Rs 2207180 from the businessman over multiple transactionsThe victim trusting the accusedrsquos claims transferred the amount but later realised that the documents provided for the loan process were fraudulent Upon further verification it became evident that the accused had no legitimate means to secure the promised loan When the businessman confronted him he neither received the sanctioned loan nor was he refunded the money he had paidA police official stated The accused managed to gain the victims confidence by presenting false assurances and fabricated documents Such financial fraud cases have been on the rise and we urge citizens to verify the credibility of lenders before making any paymentsIn a similar incident of deception earlier this year a 75yearold man in Dombivli was allegedly duped of Rs 30000 by an unidentified individual who made away with the cash in a public area according to PTI reportsThe incident took place in Maharashtras Thane district an official stated As per police sources the elderly victim had withdrawn Rs 30000 from a local bank and was on his way home when the accused approached himAccording to the police the fraudster told the elderly man that his shirt had gotten dirty and advised him to clean it Unaware of the scam the senior citizen proceeded to remove his shirt placing his bag beside him Taking advantage of the distraction the accused quickly grabbed the bag and fled with the moneyA case has been registered under section 3184 cheating of theBharatiya Nyaya SanhitaBNS Law enforcement officials are currently reviewing CCTV footage from the area to identify and apprehend the suspectIn an another shocking case of fraud police in Maharashtras Palghar district have arrested a man who allegedly posed as a Delhi Crime Branch officer and defrauded several women under the pretext of marriage PTI reportsThe accused identified as 26yearold Himanshu Yogeshbahi Panchal was arrested on Tuesday from his hometown in Ahmedabad following an extensive investigation led by Valiv policeAccording to the authorities Panchal befriended women through a matrimonial website pretending to be an officer from the cyber security cell of Delhi Polices crime branch He allegedly built trust promised marriage and then proceeded to exploit the victims financially and emotionallyOne of the victims who filed the complaint leading to his arrest alleged that Panchal took her to various hotels and lodges where he sexually assaulted her multiple times under false promises of marriage Adding to his deception he even gifted her a fake diamondWith inputs from PTI