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Wednesday, August 12, 2026
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HomeIndiaBusinesswoman offered loan, cheated of Rs 13.5 lakh in the name of...

Businesswoman offered loan, cheated of Rs 13.5 lakh in the name of ‘processing fee’

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Thane, Aug 12 (PTI) A 35-year-old businesswoman in the city was duped of Rs 13.5 lakh by a cyber fraudster posing as a loan agent, police said on Wednesday.

A case was registered at Srinagar Police Station on Monday but the suspect was yet to be traced, an official said.

As per the complainant, she was searching online for credit facilities provided by various banks when a man named Vijay Somaji Kavitkar contacted her on phone.

He offered to arrange a business loan of Rs 40 lakh for her from a reputed finance firm.

When the woman expressed her willingness to apply for a loan, Kavitkar allegedly asked her to transfer money to his account as commission and processing fees.

After the woman transferred a total of Rs 13,50,000, the suspect allegedly stopped communicating with her.

A First Information Report has been registered under Bharatiya Nyaya Sanhita section 318(4) (cheating) and relevant provisions of the Information Technology Act. PTI COR KRK

This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

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