Archive · 21 Aug 2026
Pune Businessman Allegedly Duped ₹48.93 Lakh In Loan Fraud
A businessman in Pune was promised a very large loan with a low interest rate.
He trusted one of the accused because they had known each other for many years.
The man was then allegedly asked to pay money for paperwork, verification and other expenses.
He paid nearly ₹49 lakh in total.
The promised ₹50 crore loan was never given.
When he asked for his money back, the accused allegedly threatened to kill him.
He returned to Pune because he feared for his safety.
Police have registered a case against three people and are investigating the allegations.
A Pune businessman was allegedly cheated of ₹48.93 lakh after being promised a ₹50 crore loan at low interest.
Police registered a case against Manohar Shivling Jindam, Ashok Kumar Lajishetti and Saujanya Bora.
The complainant allegedly paid about ₹25 lakh in cash and ₹23.85 lakh through online transfers.
The accused allegedly demanded additional payments for loan processing, verification, travel and other reasons.
After the loan was not provided, the businessman was allegedly threatened with murder when he sought a refund.
- Who
- A 49-year-old Pune businessman and three alleged accused: Manohar Shivling Jindam, Ashok Kumar Lajishetti and Saujanya Bora.
- What
- The businessman allegedly lost ₹48.93 lakh in a fraudulent loan scheme and was later threatened when he sought a refund.
- When
- The alleged events occurred between April 14, 2024, and the filing of the police complaint; specific payments were made through February and March 2025.
- Where
- The alleged transactions and meetings took place in Pune, including Vadgaon, and Hyderabad.
- Why
- The accused allegedly promised to arrange a ₹50 crore business loan at a low interest rate and demanded fees and payments to process it.
- Alleged loss
- ₹48.93 lakh
- Promised loan
- ₹50 crore
- Complainant
- A 49-year-old businessman who runs a security agency in Pune
- Accused
- Manohar Shivling Jindam, Ashok Kumar Lajishetti and Saujanya Bora
- Cash payments
- Approximately ₹25 lakh
- Online payments
- Approximately ₹23.85 lakh
- Police station
- Narhe police