Businessman Loses ₹1.20 Crore in Loan Scam, Two Arrested in Pune Case

A businessman was scammed out of ₹1.20 crore with a fake loan promise, leading to two arrests in Pune

Businessman Loses ₹1.20 Crore in Loan Scam, Two Arrested in Pune Case
Businessman Loses ₹1.20 Crore in Loan Scam, Two Arrested in Pune Case

Pune: A businessman named Anil Bandu Tammande got caught in a scam that cost him ₹1.20 crore. He was looking for a loan to grow his land business. Unfortunately, he fell for a promise of a ₹100 crore loan from some shady characters.

The trouble started when the bank turned him down for a loan, asking for collateral. So, he turned to Santosh Karmalkar and Kiran Jagtap, who introduced him to a guy named Swami Maharaj. This guy claimed he could help him get the big loan through his connections.

Tammande ended up sending ₹1.20 crore to some bank accounts, thinking it was a step toward securing the loan. But guess what? The money vanished, and the loan never came through. It didn’t take long for him to realize he’d been duped.

After he reported the scam, the police jumped into action. They arrested Karmalkar and Jagtap and are now looking for others involved. They’re warning everyone to be careful with loan offers and to check if they’re legit. It’s a tough lesson learned for Tammande, but hopefully, others can avoid the same fate.

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