Two detained for fraud on behalf of fake loan from Rajasthani royal families | YOF
The Criminal Branch of the Mumbai Police arrested two people on Wednesday for allegedly defrauding people by claiming to provide instant business loans to royal families in Rajasthan. The police suspect other people of being involved in this racket.
The case surfaced after the 44-year-old complainant approached Kandivali Police about being duped by strangers in the name of providing loans.
According to Crime Branch XI, the arrested duo carried out their illegal activities between March 2021 and March 2022, across the city. Acting on the tip received by the police, they began to trace the whereabouts of the alleged suspects which led to the arrest.
The two are identified as Shyam Arjandas Talreja, 38, and Hitesh Narayandas Pursanani, 36, residing in Ulhasnagar and Ambernath respectively.
Explaining the incident, an officer said: ‘They targeted people who were having trouble getting loans from banks and approached them saying they would provide easy, instant loans with lower interest rates. students. This strategy was used to attract people. He continued, “They claimed to have contact with the royal families of Rajasthan, who are super rich and ready to lend money to the needy.”
Once they induce the customer to provide the loan, they then start collecting money from them in the name of mandatory fees, loan insurance and mortgage for stamp duty and d ‘registration. “Through these methods, they scam money from people and once they receive the money, they disappear,” the official said.
Sources say one of the fugitives, identified as Deepak Sauda, is allegedly disguising himself as a bank clerk, civil servant or Raja Maharaja of Rajasthan in order to prove his authenticity.
“There are two other prime suspects in the case who are at large and we have added them to the wanted list. There is a possibility that more people are involved in this racket,” the official added.
Police have registered a case against the two under relevant Sections including 420 (deceit and dishonest incitement to delivery of goods) and 120b (punishment of criminal conspiracy) of the Indian Penal Code. For now, the duo has been taken into custody until September 28.
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