Nagpur: In a case of financial fraud, a 42-year-old resident of Sakkardara, was cheated of ₹10.99 lakh after being falsely promised a loan of ₹5 lakh by an accused identified as Rohit Vijay Shambharkar (29), a resident of Jaytala Road.

According to police, the victim, Santosh Bharadwaj, came in contact with Shambharkar through a mutual friend. The accused allegedly convinced him that he could secure a private bank loan and improve his credit score (CIBIL). Trusting him, Bharadwaj provided personal documents, including his Aadhaar card, PAN card, and electricity bill.

Instead of securing the loan, the accused misused Bharadwaj’s documents to buy two mobile phones, two laptops, and two vehicles on EMI under the victim’s name. Additionally, he took ₹50,000 in cash from the complainant but failed to arrange any loan.

Following a complaint, Sakkardara Police registered an FIR under IPC sections 406 (criminal breach of trust) and 420 (cheating).

Authorities are urging citizens to exercise caution while sharing personal documents and report suspicious financial schemes to the police.