A conman, posing as an executive of a business loan company, made away with ₹30 lakh after promising a ₹12 crore loan to a real estate agent. Instead of the loan, the agent was given a briefcase where only three currency notes of ₹500 were genuine, while the rest were blank pieces of paper.
Srinivas R., a director of a real estate firm in HSR Layout, was looking for a business loan, when his friend put him in touch with a business loan firm in Chennai. The firm, further, put him in touch with a man named Aravind, who asked Mr. Srinivas to meet him at a posh hotel on Sankey Road on Wednesday, said the police.
Mr. Srinivas was reportedly assured of ₹12 crore, repayable in 10 years, after a processing fee of ₹30 lakh was paid. He was also promised a ₹1.08 crore initial payment in cash. After receving the processing fee, Aravind issued him a loan certificate, which said that the company — Akshay Finance — would transfer a loan amount of ₹12 crore to his bank account on Friday.
Aravind handed over a briefcase to Mr. Srinivas and left the hotel.
After he left, Mr. Srinivas opened the briefcase to find just three ₹500 notes, while the rest were blank pieces of paper. He later filed a complaint at High Grounds Police Station. Police have obtained CCTV footage for verification.
