Archive · 10 Jan 2026
Gwalior Couple Dupes Businessman Of ₹3.6 Crore
A man and his wife in Gwalior, Madhya Pradesh, were caught for tricking a businessman.
They sold a restaurant that was already mortgaged to a bank.
They showed a fake paper saying the bank had no problem with the sale.
The businessman found out when the bank wanted to auction the same restaurant for unpaid loans.
The couple had already paid back some of the loan but still tried to sell the property.
The police are now looking for the couple to arrest them.
A couple in Gwalior sold a mortgaged restaurant for ₹5.77 crore using a forged NOC.
The restaurant, Alfanzo, was mortgaged to Union Bank for a loan.
The fraud was discovered when the bank issued an auction notice for the same property.
The businessman, Ritesh Gupta, found out the NOC was fake and the property was still mortgaged.
A case of cheating and fraud has been registered against the couple, who are currently absconding.
- Who
- Girraj Bansal and his wife Mamta Bansal
- What
- Duped a businessman by selling a mortgaged restaurant using a forged document
- When
- The fraud was discovered when the bank issued a notice for auction
- Where
- Gwalior, Madhya Pradesh
- Why
- To sell the property for ₹5.77 crore despite it being mortgaged
- Amount Duped
- ₹3.67 crore
- Property Sold
- Alfanzo Restaurant
- Sale Price
- ₹5.77 crore
- Bank Involved
- Union Bank
- Accused
- Girraj Bansal and Mamta Bansal
- Complainant
- Ritesh Gupta
- Loan Amount Repaid
- ₹2 crore
- Investigating Officer
- Additional SP Jairaj Kuber