1 week ago
Panvel Police Bust Fake Loan Call Centre, Arrest Four
Police in Panvel found a call centre that allegedly tricked people with fake loan offers.
Four people were arrested during a raid on August 21.
The suspects allegedly pretended to work for finance companies.
They promised people quick loans.
They then asked for money for processing, insurance, holding charges and GST.
The loans were allegedly never provided after victims paid.
Police seized phones, laptops, SIM cards, bank cards and cash.
The investigation is continuing to find out how many people were cheated.
Panvel City Police arrested four suspects after raiding an alleged fake loan call centre in Karanjade.
The suspects allegedly posed as representatives of finance companies and promised quick loan approvals.
Victims were allegedly asked to pay processing fees, insurance, holding charges and GST.
Police seized laptops, phones, SIM cards, bank cards, cash and other materials valued at Rs 3,95,500.
Investigators are examining the seized material to identify victims, determine the amount collected and find possible accomplices.
- Who
- Panvel City Police arrested Vijay Babu Bhandari, Tushar Arun Pingle, Rohit Rangappa Gowda and Darshan Umashankar.
- What
- Police busted an alleged fake loan call centre and seized devices, bank materials, SIM cards and cash.
- Where
- Room No. 401, Nilgiri Apartment, Sector R-4, Karanjade, Navi Mumbai.
- When
- The raid took place at about 7 p.m. on August 21, 2026; the report was published on August 25, 2026.
- Why
- The suspects allegedly promised loans, collected various fees from citizens and then failed to provide the loans.
Key facts
- Arrests
- Four suspects were arrested.
- Location
- A rented flat in Nilgiri Apartment, Karanjade.
- Alleged method
- The suspects allegedly posed as finance-company representatives and demanded multiple charges.
- Electronic items seized
- Three laptops, 15 mobile phones, a Wi-Fi router and a network terminal device.
- Financial materials seized
- 31 SIM cards, seven debit cards, two account books and a diary.
- Cash seized
- Rs 74,400.
- Total seizure value
- Rs 3,95,500.
Quotes
A Panvel police officer
Police official warning the public about fraudulent loan calls
“Citizens should be cautious of callers who promise instant loans and then demand processing fees, insurance or other charges. People should verify the credentials of the financial institution and avoid transferring money to unknown bank accounts or scanners.”
freepressjournal.in
Sources
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