Sangli doctor loses Rs 10 lakh in loan fraud case

Written By :  Rumela De Sarkar
Published On 2025-10-16 07:00 GMT   |   Update On 2025-10-16 07:00 GMT

Fraud

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Vadodara: A doctor from Sangli, Maharashtra, was conned out of Rs 10 lakh on the pretext of getting a Rs 5 crore loan for hospital renovations. The incident came to light after the doctor lodged a complaint at the Manjalpur police station in Vadodara. 

According to the complaint lodged by Dr. Jamadar, the accused initially approached him with an attractive offer to help secure a substantial loan for his hospital's renovations. The duo allegedly claimed they could arrange a loan of Rs 5 crore, which Dr. Jamadar required to upgrade his medical facility.

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However, instead of providing the loan, the accused reportedly collected a sum of Rs 10 lakh from the doctor under various pretexts. Throughout this period, the accused kept assuring him that the loan was being processed and would soon be disbursed.

Also Read:60-year-old doctor cheated of Rs 13 lakh in trading scam

When Dr Jamadar did not receive the funds, he demanded a refund, but the accused allegedly refused and threatened him, according to the complaint, reports
TOI.

Following the complaint, Manjalpur police have registered a case against the accused. Authorities are currently investigating, and further action will be taken after verifying the financial transactions and communication exchanged between the parties.

Also Read:Doctor duped of Rs 3.43 crore in investment scam; 1 arrested

Medical Dialogues had previously reported that city police arrested a man in connection with a Rs 3.43 crore investment scam that allegedly duped a doctor from Ulloor in Thiruvananthapuram, officials said. The accused, identified as Dhanush Narayanaswamy, a resident of Bengaluru, was taken into custody by the police on September 29 and subsequently brought to Kerala the next day. He was produced before the Thiruvananthapuram Additional Chief Judicial Magistrate Court, which remanded him to judicial custody. According to police, the gang’s modus operandi involved winning the victim’s trust and luring him into online investments that promised high returns.  
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