financial company accused of having duped a coaching director | Bhopal News


Bhopal: Bag Sewania Police, acting on a complaint filed Friday by a coaching center manager, registered a case of fraud and breach of trust against executives of a private financial company.
The directors of the private firm are accused of duping the manager of the coaching center out of Rs 7 lakh on the pretext of a loan of Rs 15 crore. More than half a dozen people approached the police till the report was filed and they probably cheated more than Rs 20 lakh. The plaintiffs told police that administrators may have deceived more than 200 people in the past three months. The police are looking for the accused.
ASI Investigator Kunwar Singh said Complainant Shailendra Rawat, 48, operates a coaching center in MP Nagar. He told police that on November 23 he received a call from Ashish Mishra, who introduced himself as a sales manager for a finance company and offered loans at favorable rates. Rawat needed the money, so he went to the office and met with manager Ritesh Gupta, the complaint says.
The company took Rs 6.85 lakh from Rawat as a ‘processing fee’, assuring that he would get a loan of Rs 15 crore in 45 days. On December 12, when his loan had not passed, he contacted Ritesh, but his phone was switched off.
Then Rawat went to the police. Acting on his complaint, the police registered a case against Ritesh and Baladin Rajak. To date, the police have received complaints from eight other complainants.
The initial investigation shows that the company started 3-4 months ago and 10-11 agents were recruited to obtain customers. The police are looking for the accused.
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