Insurance Manager Cheated Of Rs 39 Lakh in Education Loan Scam ; Delhi Police Launches Probe

In a distressing turn of events, Pratishtha Garg, a Deputy Manager at a general insurance company in Kancheepuram, Tamil Nadu, fell victim to an intricate con orchestrated by a group posing as loan brokers and representatives of a nonexistent lending company. The elaborate scam unfolded as Garg, originally from Rohini, Delhi, sought an education loan online and entered her details on Sulekha.com.

The perpetrators, led by a person named Nakul, presented themselves as brokers from a company named RS Enterprises. Gaining Garg’s trust through fabricated documents and persuasive communication, they exploited her by demanding various fees, including application fees, verification charges, approval fees, advance EMIs, and NPCI approval costs, as reported by Rohini Cyber Police.

Despite initially complying with the demands in the hope of securing the promised loan, Garg eventually realized she was being scammed. When she requested a refund, the fraudsters refused, citing the non-refundable nature of the fees. In a shocking revelation, Garg disclosed that she made over 70 transactions, totaling ₹39 lakhs, before unraveling the entire fraudulent scheme.

Responding to Garg’s complaint, the Delhi Police registered an FIR under Section 420 of the Indian Penal Code (IPC) at the Rohini Cyber Police Station.

An ongoing investigation has been launched to trace the perpetrators and recover the embezzled funds. Further updates on the investigation are eagerly awaited as authorities delve deeper into this distressing case.