Navi Mumbai Police Bust Fake Loan Call Centre, 4 Arrested

The Panvel City Police have busted a fake loan call centre operating in Karanjade, Navi Mumbai, and arrested four persons in connection with the racket. The accused, identified as Vijay Babu Bhandari, Tushar Arun Pingle, Rohit Rangappa Gowda, and Darshan Umashankar, were allegedly cheating citizens by promising loans and demanding money under the pretext of processing fees, insurance, and other charges.

The police raided the call centre, located in a rented flat in Sector R-4, Karanjade, on August 21 and seized electronic devices, bank cards, SIM cards, and cash worth Rs 3.95 lakh. The accused were allegedly operating the racket from Room No. 401 of Nilgiri Apartment.

According to the police, the accused would contact citizens posing as representatives of different finance companies and promise quick loan approvals. They would then demand processing fees and additional amounts citing insurance, holding charges, and GST. After the victims transferred the money, the accused would allegedly fail to provide the loans and stop responding.

The police have warned citizens to be cautious of callers who promise instant loans and demand processing fees or other charges. They have advised people to verify the credentials of the financial institution and avoid transferring money to unknown bank accounts or scanners.

The seized material includes three laptops, 15 mobile phones, 31 SIM cards, seven debit cards, and Rs 74,400 in cash. The total value of the seized material is Rs 3,95,500. The police are investigating the number of people allegedly cheated by the gang and the total amount collected.

The operation was carried out under the guidance of Deputy Commissioner of Police Rashmi Nandedkar and Assistant Commissioner of Police Mathur Bhujbal. The police have urged citizens to be vigilant and report any suspicious activities to the authorities.

The busting of the fake loan call centre is a significant achievement for the Navi Mumbai police, who have been cracking down on such rackets in recent times. The police have advised citizens to be cautious and not fall prey to such scams.

In recent times, there have been several cases of fake loan call centres operating in Navi Mumbai, cheating citizens of lakhs of rupees. The police have been working to crack down on such rackets and have appealed to citizens to be vigilant and report any suspicious activities.

The investigation into the case is ongoing, and the police are examining the seized material to establish the extent of the racket. The accused have been booked under relevant sections of the law and will be produced in court soon.

The Navi Mumbai police have urged citizens to be cautious and not fall prey to such scams. They have advised people to verify the credentials of the financial institution and avoid transferring money to unknown bank accounts or scanners. By being vigilant and reporting suspicious activities, citizens can help the police crack down on such rackets and prevent others from falling prey to them.

In conclusion, the busting of the fake loan call centre in Karanjade is a significant achievement for the Navi Mumbai police. It highlights the need for citizens to be cautious and vigilant when dealing with financial transactions and to report any suspicious activities to the authorities. By working together, the police and citizens can prevent such scams and ensure a safer and more secure environment for everyone.