Using Fake Documents to Secure Loans

[Alphaknight4068]

A

Alphaknight4068
PARTICIPANT
February 26, 2025 at 3:52 am

Hello Everyone,

One gang is reportedly targeting banks by creating fake loan applications. They generate fake payslips and offer letters, managing to credit salaries for 3 to 6 months, depending on the loan amount.

After a year, they default on the loans because they can’t pay huge EMIs .Surprisingly banks are writing off the loans. The gangs allegedly receive a commission of anywhere between 30 to 40% of the loan amount. Has anyone else heard about this scam?

Any way to report this?

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[Brightwolf5745]

B

Brightwolf5745
PARTICIPANT
February 26, 2025 at 6:41 pm

A police complaint

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[Alphaknight4068]

A

Alphaknight4068
OP
March 11, 2025 at 6:22 am

Everyone is corrupted bro! 

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[Brightwolf5745]

B

Brightwolf5745
PARTICIPANT
March 11, 2025 at 6:53 am

Why are you here then?

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