1 hr ago
Indore Man Arrested in Alleged Rs 2.05-Crore Loan Fraud
Police in Indore arrested a man accused of cheating someone during a loan process.
The accused, Naveen Ojha, worked as a loan agent and broker.
Police said he promised to help arrange a loan worth Rs 2.05 crore.
He allegedly took large amounts of money through bank transfers and cash.
He reportedly said the money was needed to raise the value of property and pay stamp duty.
Investigators said fake property reports were used in the process.
Police also said Ojha allegedly threatened the complainant when asked for the money back.
The case is being investigated, including whether other people were involved.
The Indore crime branch arrested loan agent Naveen Ojha over an alleged Rs 2.05-crore financial fraud.
Police said Ojha promised a complainant a Rs 2.05-crore loan and allegedly collected lakhs through RTGS and cash.
The money was allegedly taken on the pretext of increasing property valuation and arranging stamp-duty payments.
Police said forged property search and valuation reports were prepared to facilitate the loan.
A case was registered under Sections 316(2), 316(5) and 318(4) of the BNS, while police investigate possible associates.
- Who
- The Indore crime branch arrested Naveen Ojha, a loan agent and broker; the complainant was not named.
- What
- Ojha was arrested over an alleged fraud involving a promised Rs 2.05-crore loan and alleged collection of additional money.
- Where
- Indore, Madhya Pradesh; Ojha is a resident of Tejaji Nagar.
- When
- Police reported the arrest on Thursday; the exact date was not provided.
- Why
- Police allege that money was collected by falsely promising to increase property valuation and arrange stamp-duty payments.
Key facts
- Accused
- Naveen Ojha
- Alleged loan amount
- Rs 2.05 crore
- Occupation
- Loan agent and broker for finance companies and banks
- Alleged payment methods
- RTGS transfers and cash
- Alleged documents
- Forged property search and valuation reports
- Investigating agency
- Indore city crime branch
- Legal provisions
- Sections 316(2), 316(5) and 318(4) of the BNS
Sources
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