Pune: Policenama on-line – Pune Crime Information | A person took benefit of many individuals being unable to pay their loans throughout lockdown and informed them to take loans from varied banks by telling them that he’ll prime up their loans. He compelled them to speculate cash in his firm. Later, the director of an organization has disappeared after locking his workplace after duping 200 folks of ₹300 crore. (Pune Crime Information)
The accused has been recognized as Selvakumar Nadar, a resident of Kumar Prithvi Condo, Kondhwa. A 38-year-old man has lodged a criticism (84/23) on the Bund Backyard police station. The incident came about at Ashtavinayak Funding situated in Nucleus Mall located reverse the police commissionerate from August 2020 to November 2022.
Based on the police, Selva Nadar began Ashtavinayak Funding Firm. He collected particulars about folks working in IT sector whose loans had been pending from an information vendor. He appointed employees in his workplace and these folks had been contacted. Nadar informed them that he would get their loans topped up. He informed them that he would take loans on their behalf. He took paperwork for KYC to take loans from three banks. He took loans on their behalf from three banks and repaid their earlier loans. Since their Cibil rating was good, it was simple for them to get loans.
When an individual takes a mortgage from a financial institution, it takes not less than every week to 45 days for it to be registered on their Cibil rating. Therefore, he took loans of lakhs of rupees on behalf of 1 particular person from 3 banks. He informed them to maintain this cash as FDs in Ashtavinayak Funding and promised to ship good-looking returns on their funding.
He was giving them a month-to-month quantity to allow them to pay the EMI therefore, no person had any doubt. From November 2022, he began dilly-dallying about paying them the month-to-month quantity. He informed buyers that they need to pay the EMI and he would pay them later. On February 22, 2023, he closed his workplace and disappeared. Later, the buyers approached the police.
He acquired private loans sanctioned for buyers and informed them to speculate ₹40.89 lakh deposited of their accounts as FDs in Ashtavinayak Funding. Later, he acquired a mortgage of ₹15 lakh accepted from Bajaj Finance and despatched the EMI quantity til 2022 to the complainant’s account. From January 2023, he didn’t pay the EMI of ₹33.85 lakh and didn’t return ₹2.80 lakh invested in SIP. He didn’t return ₹36.65 lakh which was invested by buyers and he has additionally cheated 16 others of ₹7.95 crore. Therefore, he has cheated 200 buyers of roughly ₹300 crore and has disappeared.
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