Shahdol: Fake Loan Gang Busted, Tribals Duped of Rs 1.8 Million in Vehicle Scam
Shahdol
N
News18•04-01-2026, 16:43
Shahdol: Fake Loan Gang Busted, Tribals Duped of Rs 1.8 Million in Vehicle Scam
- •A fake financing gang operating in Singhpur, Shahdol, has been busted for targeting poor tribals.
- •The gang lured tribals with easy vehicle acquisition, used their documents for financing, then sold the vehicles, leaving tribals with debt.
- •The fraud amounts to approximately 1.8 million rupees (18 lakh); police have seized 14 vehicles.
- •Police are investigating finance agents and companies for potential negligence or collusion, considering it an organized economic crime.
- •The case highlights social exploitation of tribals; police are probing the gang's wider network and potential links outside the district.
Why It Matters: Police uncover a large-scale fake loan scam exploiting tribals in Shahdol for vehicle financing.
✦
More like this
Loading more articles...
