Woman seeking Rs 1 lakh loan loses over Rs 14 lakh in online fraud

The woman was cheated out of money between July and September

A 22-year-old woman, who wanted to take a loan of Rs 1 lakh, was allegedly cheated by two persons to the tune of over Rs 14 lakh by posing as executives of a finance company, police said on Wednesday.

The victim's father, who was a business head with a reputable company in the city, had deposited around Rs 18 lakh into her bank account after his retirement. Out of this, the woman had spent Rs 1 lakh for personal reasons, which she wanted to replenish, an officer from Naupada police station said.

Therefore, she decided to take a loan of that amount. On July 24, she received a call from a man who posed as a representative of a private finance company and offered to provide loan to her. When she agreed, he asked her to make a payment of Rs 2,600 as processing fees, which she did, he said.

Later, despite providing the details, the loan processing was not complete. When she contacted, another man told her that the previous agent was down with coronavirus infection and he would handle her case henceforth. That man also told her that the loan needs to be reprocessed and asked her to transfer money on several occasions. He also said that the payment would be refunded to her later, the police officer said.

The amount that she lost this way was Rs 14.47 lakh, which she paid between July and September. Later, she realised that she has been cheated and then approached the police.

A case under IPC section 420 (cheating) has been registered against the accused, who identified themselves as Raj Kunde and Anjuman Shau, based on the complaint lodged by the woman on Monday.

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