Cops look for six for taking ₹1.55 cr worth fraudulent loans

Police are looking for six people including two employees of a private financial institution for creating fake customers for a healthcare company and taking loans of ₹1.55 crore

Mumbai Police are looking for six people including two employees of a private financial institution for creating fake customers for a healthcare company and taking loans of ₹1.55 crore.

The police officers said that in 2022 when the vigilance team of the private financial institution realised that monthly instalments of 287 people were pending since 2018, they contacted them (PTI)

According to the Borivali police, owners of the healthcare company had organised a camp for 287 people. After taking their documents, the company owners had applied for a healthcare loan on their behalf with a private financial institution in 2018 and 2019.

The police officers said that in 2022 when the vigilance team of the private financial institution realised that monthly instalments of 287 people were pending since 2018, they contacted them.

“All the 287 people denied taking any loan from the company. That is when vigilance officers realised that they had been defrauded by the healthcare and research company,” said a police officer from Borivali police station.

On further investigation, the vigilance team of the private financial institution found out that two of their employees, who were responsible for processing the loans, were involved in the fraud.

Based on the complaint of the vigilance officer Vijay Gaikwad, the police registered a case of cheating and forgery against owners of the healthcare company identified as Rajan Bhatia, Arvind Thakar, Bhavin Bhatia and Rajesh Jethwa and the employees of the private financial institution were identified as Nitish Singh and Deepak Ban for their involvement in the fraud.