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The Times of India
The Times of India
National
TNN

Ahmedabad: Seven lose Rs 1.5 lakh in Covid loan fraud

AHMEDABAD: A former employee of a private bank allegedly cheated seven persons of Rs 1.5 lakh under the garb of providing them Covid assistance loans.

In his complaint with Navrangpura police on Saturday, victim Dharmesh Sharma, a 47-year-old resident of Chanakyapuri, filed a complaint for him and six others against accused Ramakant Sahu, a resident of Nikol who runs a financial consultancy office in CG Road area.

Sharma, who runs a clock shop, said he had met Sahu when the latter was a bank representative and had provided him with a credit card this May.

“In June, Sahu approached me again and said he had left the bank job. He told me he was helping those who suffered financial crisis during Covid-19 pandemic to secure loans. He told me that the government was providing subsidized loans under the ‘Vajpayi Bankable Scheme’ and that he could help me get a loan.

Sahu also approached Ashwin Mistry of Chanakyapuri, Asaram Verma of Chandlodia, Chandrika Nishad of Ghatlodia, Nitin Rathod and Zakir Qureshi of Saraspur and Murtuza Ahmed Shaikh of Shahpur. He duped them by getting them to pay processing fees for the loan,” Sharma told police.

Sahu cheated them out of Rs 1.5 lakh before going incommunicado on July 25. Later, the victims approached police and filed a complaint of cheating and breach of trust against Sahu.

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