Fake Loan Scam In Haridwar: A major fraud case has come to light in Jwalapur, Haridwar, where fake buyers and sellers were allegedly created to siphon off a loan of Rs 38.58 lakh from SMFG India Home Finance Company. Based on a complaint filed by branch manager Harshpal Singh, police have registered a case against six named individuals, including an advocate.
Initial investigation revealed that forged documents and registry papers were used to show property transactions, through which the loan amount was fraudulently obtained. Police are conducting a detailed inquiry due to the seriousness of the matter.
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According to reports, on May 28, 2025, the company issued a cheque of Rs 37.29 lakh in the name of Machchla Devi, which was handed over to Ravi Kashyap’s wife, Payal. On July 4, Machchla Devi sold the land to Ravi Kashyap, but verification of documents revealed the entire deal to be suspicious. It is alleged that the advocate ignored rules of verifying the identities of buyer and seller. Later, after the fake registry, the property was shown as sold to Sethpal Saini, and the already issued cheque was misused.
Kotwali in-charge Amarjeet Singh stated that investigation is ongoing and efforts are being made to ensure strict action against the accused.
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