Archive · 14 Aug 2025
Mumbai Businessman Duped in PM Mudra Yojana Loan Scam
A businessman in Mumbai was tricked into giving away a lot of money.
Some people pretended to be from a government loan program and promised him a loan.
They asked for money for fees and other things, and they took about 28.7 lakh rupees.
The police are now trying to find where the money went and catch the people who did this.
Mumbai businessman defrauded of approximately Rs 28.7 lakh in a loan scam.
Accused Nitin Kumar, Ashwin Kumar, and Dayashankar Mishra promised loans under the PM Mudra Yojana.
The complainant, a Malad businessman, applied for a loan of Rs 10 lakh via a mobile app in June 2025.
The fraudsters demanded processing fees and other charges, extracting a total of Rs 28.7 lakh.
An FIR has been registered, and the police are investigating the bank accounts involved.
- Who
- Nitin Kumar, Ashwin Kumar, and Dayashankar Mishra defrauded a Malad businessman.
- What
- A businessman was defrauded of approximately Rs 28.7 lakh in a loan scam.
- When
- The scam occurred after June 2025, following a loan application.
- Where
- Mumbai, India
- Why
- The fraudsters aimed to extract money under the pretense of providing a PM Mudra Yojana loan.
- Victim
- Mumbai Businessman
- Accused
- Nitin Kumar, Ashwin Kumar, Dayashankar Mishra
- Location
- Malad, Mumbai
- Amount
- Rs 28.7 lakh
- Crime
- Cyber Fraud, Loan Scam
- Loan Scheme
- Pradhan Mantri MUDRA Yojana (PMMY)
- Date
- June 2025 (loan application)
Sources
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