Mumbai woman seeking loan of ₹12 lakh cheated of ₹4.35 lakh | mumbai news | Hindustan Times
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Mumbai woman seeking loan of ₹12 lakh cheated of ₹4.35 lakh

Mumbai city news: The accused, Rajesh Dhadwe, 37, who met her two years ago, promised to get the loan sanctioned

mumbai Updated: Jul 11, 2017 12:54 IST
Pratik Salunke

The police recently arrested a man for cheating a woman from Mumbai of ₹4.35 lakh by promising her a loan.

According to the Chembur police, the woman wanted a loan of Rs12 lakh. “The accused, Rajesh Dhadwe, 37, who met her two years ago, promised to get the loan sanctioned,” said a police officer.

Dhadwe took money from the woman at regular intervals as processing and other charges for loan formalities.

Tired of the delay, the woman finally approached the police. Dhadwe’s aide, Nitin Salgaonkar, 40, is still at large, said police.

Read more: Mumbai man cheated of ₹19,000 in telemarketing fraud

Police said Dhadwe used to scout for people in need of loan. He used to approach Salgaonkar for the paper work. “The duo made fake documents to get the loan passed,” said the officer.

The officer said if a finance company refused to pass a loan for lack of collateral, they used to prepare fake documents showing that the person seeking loan owned a shop. “As Salgaonkar was arrested in 2015, Dhadwe could not go ahead with the complainant’s loan formalities. Salgaonkar is out on bail and we are looking for him,” said the officer.

Dhadwe has been booked under Indian Penal Code (IPC) section 420 (cheating) and 406 (punishment for criminal breach of trust).

Read more: Man arrested near Mumbai for cheating elderly