MP News: A gang that masterminded a scam defrauding the principal of CM Rise School in Rewa district, Madhya Pradesh, of Rs 31 lakh has been exposed. Four individuals connected to the fraudulent scheme have been apprehended in Delhi and Noida, and a significant portion of the stolen funds, amounting to Rs 28 lakh, has been successfully recovered.
Gang Exposed for Defrauding School Principal of Rs 31 Lakh in Fake Loan Scam
The victim of this fraudulent scheme was Kailashchandra Awadhiya, the principal of CM Rise School located in Mangawan, Rewa district. He had sought a loan to finance the construction of his house and had over Rs 6 lakh in his account. In addition to this, he acquired loans amounting to Rs 24 lakh from a bank and a financial company.
The fraudulent activity began when Mr. Awadhiya received an offer for a zero-interest loan through a fake phone call. The scammer solicited the necessary documentation from him and sent a WhatsApp link that prompted the victim to download an application. Within this application, there was a form that, once completed, resulted in the disappearance of Rs 31 lakh from the principal’s account.
Awadhiya recounted his experience to the police
Mr. Awadhiya recounted his experience to the police, explaining that he had received an unexpected call from an individual named Sanjay Shukla, who claimed to represent the Gwalior branch of HDFC Bank. The caller purported that documents had been sent to his WhatsApp and presented an enticing offer for a loan of Rs 20 lakh with a 0% interest rate.
The police took immediate action upon receiving the complaint and launched an investigation into the case. They traced the location of the accused to Delhi, and a police team was promptly dispatched to apprehend them. Subsequently, the four individuals connected to the scam were arrested in Noida and Delhi, and Rs 28 lakh of the stolen funds was recovered.
This case serves as a stark reminder to remain vigilant against fraudulent calls and messages and to exercise caution when prompted to download unfamiliar applications or share personal and financial information.