Authorities have initiated legal action against four individuals for allegedly defrauding an interior decorator of ₹97.75 lakh under the guise of providing a business loan through a corporate social responsibility (CSR) fund. This information was disclosed by officials on Tuesday.
The accused lured the 45-year-old victim, residing in the Badlapur area of Thane district, with a promise of securing a ₹2.75 crore business loan from CSR funds.
Trust Betrayed and Money Misappropriated
After gaining the victim's trust, the fraudsters requested a bank guarantee deposit. According to a police officer from Badlapur, the victim, believing in their assurances, transferred a total of ₹99.25 lakh to them.
However, it was reported that the accused returned only ₹1.5 lakh of this amount, while the remaining ₹97.75 lakh was allegedly withdrawn without any loan approval.
The victim lodged a complaint with the police on Monday. Following preliminary inquiries, law enforcement officials registered a case against the four suspects under relevant legal provisions, and efforts to locate them are ongoing.
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