Ahmedabad banker duped of ₹5.84 lakh in loan scam

Ahmedabad: A 55-year-old banker from Chandkheda was cheated of ₹5.84 lakh by fraudsters posing as executives from a private bank’s loan department. A complaint has been registered under the Bharatiya Nyaya Sanhita at the Cyber Crime police station.

Police said the victim, employed at the Mumbai branch of a private bank, urgently required funds for his son’s travel abroad. On September 3, he received a WhatsApp message offering quick loan assistance. Believing it to be genuine, he shared personal documents with the sender. He was then contacted by two individuals who introduced themselves as bank officials and even shared a fake ID to gain his trust.

Over the next few days, the victim was convinced to transfer money towards processing charges, documentation, stamp duty and loan approval fees. He sent a total of ₹5,84,505 from his and his wife’s accounts to multiple UPI IDs and bank accounts provided by the fraudsters. One of the accused allegedly visited his home, claiming it was part of the loan KYC process.

When demands for additional payments continued without any loan being sanctioned, the victim realised he had been duped. He contacted the cyber helpline 1930 and later filed a police complaint.

Investigators are analysing digital communication and working to trace the trail of transactions to identify those involved.