Archive · 8 Jan 2026
Mumbai Man Arrested for ₹69 Lakh Share-Linked Loan Scam
A man named Jatin Kumar Unadkat and his sister Sangeeta Unadkat tricked a freelancer named Premkumar Verma.
They promised him a big loan if he helped them with their new business.
Verma sold his flat to give them money, but they never gave him the loan.
Instead, they used fake shares and kept his money.
The police arrested Jatin Kumar, but his sister is still missing.
The police are trying to find out if they have done this to other people before.
Jatin Kumar Unadkat and his sister Sangeeta Unadkat allegedly duped a freelancer, Premkumar Verma, of ₹69.18 lakh.
Verma sold his flat to fund the scam, believing he would receive a loan against pledged shares.
The accused showed Verma fake shares and a loan sanction letter, but no loan was ever credited.
Jatin Kumar was arrested on January 7, 2024, while Sangeeta remains absconding.
Police are investigating if the siblings have carried out similar frauds in the past.
- Who
- Jatin Kumar Unadkat and his sister Sangeeta Unadkat
- What
- Duped a freelancer of ₹69.18 lakh through a share-linked loan scam
- When
- Between July and August 2024
- Where
- Kandivali, Mumbai
- Why
- To secure a loan against pledged shares for a new business venture
- Victim
- Premkumar Verma
- Accused
- Jatin Kumar Unadkat
- Co-Accused
- Sangeeta Unadkat
- Amount Duped
- ₹69.18 lakh
- Loan Amount
- ₹2.80 crore
- Arrest Date
- January 7, 2024
- Location
- Kandivali, Mumbai