Finance Firm Accused Of Duping Coaching Director | Bhopal News

Bhopal: Bag Sewania police, acting on a complaint filed by a coaching centre director on Friday, registered a case on charges of fraud and breach of trust against directors of a private finance company.
The directors of the private firm are accused of duping the coaching centre director of Rs 7 lakh on the pretext of a loan of Rs 15 crore. More than half-a-dozen people have approached police till the filing of report and they are likely to have duped of more than Rs 20 lakh. The complainants told police that the directors may have duped more than 200 people in the past three months. Police are searching for the accused.
Investigation officer ASI Kunwar Singh said that complainant Shailendra Rawat, 48, operates a coaching centre in MP Nagar. He told police that on November 23, he received a call from Ashish Mishra, who introduced himself as a sales executive of a finance firm and offeerd loans at easy rates. Rawat was in need of money, so he went to the office and met director Ritesh Gupta, says the complaint.
The firm took Rs 6.85 lakh from Rawat as ‘processing fees’, assuring he would get a loan of Rs 15 crore in 45 days. On December 12, when his loan was not passed, he contacted Ritesh, but his phone was switched off.
Then, Rawat went to police. Acting on his complaint, police registered a case against Ritesh and Baladin Rajak. As of now police received complaints from eight other complainants.
Initial investigation shows that the company started 3-4 months ago and…