x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Omar intervenes to thwart political exploitation of reservation protests | CM quotes Rudyard Kipling | Tara Chand skips Madan Lal Sharma’s death anniversary event | Winter vacation in High Court from Jan 6 | Follow traffic advisory: MeT tells tourists | Centre scraps no-detention policy | SIA cracks down on ‘Kashmir Fight’ terror threats targeting migrant KP employees | LG Inaugurates IGNCA Regional Centre at Jammu, emphasizes promotion of art & culture | Face covering by women advocates violates BCI dress code: J&K High Court | Record Govt jobs provided in 1.5 years: PM Modi | DDC Chairman Bharat Bhushan Rebukes Haseeb Drabu’s Critique of DDCs | KVIB Ramban organises awareness program at ITI Kawbagh | Bus Stand Police Jammu reunites missing girl with family | Vision document 2047 finalized for District Poonch | Rozgar Mela | Mahakumbh: An opportunity for Prayagraj to shine in hospitality, says CM Yogi | Quality education imperative for honing intellectual capacity of youth: Dy CM | Business leader Rahul Sahai honored in Georgia | Sr BJP leader Ghulam Ali Khatana visits Darul Uloom Deoband | JMC, police conduct joint anti encroachment drive | Encouragement to investment prime focus of J&K bank | Kathua Admin announces ex-gratia relief for families affected by fire incident | HC deny bail to Army Major in dowry death case | Grand celebration of Kisan Diwas held at Directorate of Horticulture Jammu | KVK Reasi celebrates National Farmers Day | PIB Jammu organises seminar, bike rally to promote WAVES | Caste-based Census must for upliftment of society: Tony | NZIEA celebrates 69th Foundation Day Across J&K | Dr Virendra Kumar visits senior citizen home in Srinagar | Radha Soami Satsang Beas considers relocation of Bhota Hospital to Jammu region | Samba police trace missing minor girl | Hakla praised Ajaz Asad Administrative Secretary RDD | JSS Kathua Shines at CBSE National Adolescent Summit 2024 | Dogri Manyta Diwas celebrates at GCW Udhampur | SMVDU showcases excellence at Jammu Mahotsav 2024 | Desh Bhagat University's School of Nursing hosts Grand Freshers' Party | IDPS celebrates Annual Day "Wings of Change" | Dewan Devi Public School celebrates Christmas | Residential refresher coaching camp commences | Department of Dogri celebrates Dogri Manyata Divas | GDC Akhnoor celebrates Dogri Manta Divas | GDC Nagrota hosts awareness camp | GCW Bhagwati Nagar hosts thrilling Intra-College Kho-Kho match | Back Issues  
 
news details
11 arrested in Mizoram for Rs 150-crore financial fraud: DGP
4/26/2024 10:35:07 PM
Agencies
AIZAWAL, Apr 26: At least 11 people were arrested on charges of defrauding Rs 150 crore of a private non-banking financial company in Mizoram, a top police officer said on Friday.
Mizoram DGP Anil Shukla said the scam, involving five local car dealers, operated over four years.
The fraud came to light on March 20 after Mahindra and Mahindra Financial Services Limited (MMFSL) filed a complaint at Aizawl police station against its Mizoram area business manager Jakir Hussain (41), a resident of Tejpur in Assam, accusing him of orchestrating fraudulent vehicle loan disbursements.
Another case was registered on March 29 at the crime and economics offence police station here based on the complaint filed by the company, he said.
During investigation, it was found that Hussain and a few branch employees opened a fake bank account in the name of Mahindra Finance Limited at Khatla branch of Mizoram Rural Bank (MRB) in 2020 using forged documents to park the defrauded money, he said.
"So far, we have arrested 11 people, including the mastermind Jakir Hussain in connection with the financial fraud amounting to Rs 150 crore," he added.
Hussain, the mastermind, sanctioned loans to fictitious customers, never delivering vehicles but selling them at discounted prices, the officer said.
The operation ensured timely EMI payments to avoid suspicion, while fraudulent files were shifted to an accomplice's residence during audits.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU