Investigate: ₹ 39 Lakh Education Loan Fraud Loses Insurance Manager
Investigate: 39 Lakh Education Loan Fraud Loses Now
The victim was duped by a group posing as loan brokers and representatives of a fake lending company, and fell for their sophisticated scheme.
New Delhi: Under the guise of an education loan scam, a deputy manager at a general insurance company in Kancheepuram, Tamil Nadu, was conned out of ₹ 39 lakhs.
Pratishtha Garg, the victim, was originally from Rohini, Delhi, and now lives in Kancheepuram, Tamil Nadu. She was duped by a group posing as loan brokers and representatives of a fake lending company.
Garg claimed in her FIR submitted to the Rohini Cyber Police Station that she had used the internet to look for an education loan and had filled out the application.
Sulekha.com.
She soon got a call from someone named Nakul, who claimed to be a loan broker and assured her that RS Enterprises would provide her with a loan.
Through fabricated documents and communications, Nakul and others posing as the company’s accountant and owner won Garg’s trust.
According to Rohini Cyber Police, they then went on to defraud Garg by requesting a number of fees under various guises, including advance EMIs, application fees, verification fees, approval fees, and even NPCI approval costs.
In the hopes of receiving the full loan amount, the victim first paid the requested amounts. But when she realized she was being duped and asked for a refund, the con artists turned her down, insisting the costs were non-refundable.
Pratishtha Garg kept paying the con artists in order to obtain her loan. She completed more than 70 transactions totaling an incredible ₹ 39 lakhs before realizing the scheme was a scam.
In response to Garg’s complaint, the Delhi Police filed a formal complaint at the Rohini Cyber Police Station under Section 420 of the Indian Penal Code (IPC), and they started an investigation to find the culprits and get the money back.
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