B’luru: Garment merchant duped of Rs 1 cr with promise of Rs 100-cr business loan


Team Udayavani, Feb 6, 2022, 12:20 PM IST

 

A case has been registered against three persons for allegedly duping a 47-year-old garments merchant from Mysuru of Rs one crore after promising him a Rs 100 crore business loan to meet his working capital needs.

The victim, Vincent had lodged a complaint in this regard with Electronics City police.

As per the complaint, Vincent was looking to expand his business further and needed Rs 100 crore to meet his working capital needs. While he was trying to arrange for a loan he became acquainted with Sanjay Shukla through a mutual friend named Subramani. Shukla claimed that he could arrange the loan of Rs 100 crore subject to the condition that Vincent pay 1% commission (amounting to Rs 1 cr) to his boss who he said runs a private company in Chandigarh.

Vincent agreed to the proposal and a meeting was arranged with two other people named Rahul Tiwary and Ashraf Khan at a hotel in Electronics City on January 26 where he paid them Rs 5 lakhs in cash and later transferred the balance Rs 95 lakhs, in three different transactions to the bank accounts provided by the duo.

The gang promised to transfer the business loan of Rs 100 crore to his bank account on January 29 evening and went incommunicado.

Vincent realised the cheating and filed a police complaint.

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