Fraudulent Loan Scheme Involving Fake Documents and Settlements Threatens Financial Security

[Alphaknight4068]

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Alphaknight4068
PARTICIPANT
February 2, 2025 at 2:02 pm

I’m reporting a fraud operation where individuals are using fake education and employment certificates to get large loans (₹10 lakh to ₹1 crore). After paying EMIs for a year, they claim they can’t pay further, and the banks are settling for a lower amount.

The agents involved take a commission, and the operation is well-organized with some backing from political figures. This has become a significant financial risk. It’s crucial to investigate this matter discreetly to prevent further exploitation.

Is that simple Is it really that easy to scam banks like this?

Any options to report this scam?

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[Alphaknight4068]

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Alphaknight4068
OP
February 2, 2025 at 2:05 pm

I have also sent an email to EW and RBI but no response.

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