Police bust bogus firm offering loans of up to Rs 100 cr, 3 held


Pimpri Chinchwad police have busted a bogus company which had cheated several persons in Pune, Mumbai and Ahmedabad on false assurances of providing loan of upto Rs 100 crores.

Police have so far arrested three persons in this case. They have been identified as Radhika Yatish Ambekar, Sandip Ramchandra Samudre and Jayjit Gupta, all from Kalyan in Thane.

Shriram Pingle, a resident of Kothrud, had lodged the FIR in the case at the Hinjewadi police station. A press release issued on Wednesday stated that Pingle’s friend Jayesh Patil came across an advertisement of ‘Jalram Enterprises Private Fund’ on Facebook offering business loans. Patil got in touch with the company.

A woman representing the company called him for a meeting at a location in Baner. Pingle and Patil went to this spot to make inquiries about the loan. The woman, Radhika Ambekar, claimed to be the manager of the company and offered them a loan of Rs 1 crore within…

Read full article at indianexpress.com