Nashik: Farmer Swindled of ₹2.5 Lakhs in Bogus Loan Scheme

A farmer in Nashik fell victim to a fraudulent scheme promising to waive off a two crore rupees loan for agro-tourism. Ganesh Bhausaheb Malode, residing in Adgaon, Nashik, was duped of approximately ₹2.5 lakhs in this deceitful act.

The accused, Sudhir Chavan, lured Malode by offering to clear the loan through Bridge Associates, a financial institution in Mulund, in exchange for preparing project and audit reports for Malode's farm and a property mortgage deed amounting to ₹3.65 lakhs. Malode paid a total of ₹2.65 lakhs through cheques.

Subsequently, Chavan cashed the cheques, withdrew the money, and sent a loan sanction letter to Malode via WhatsApp. However, despite assurances, the loan amount was never disbursed.