The agent has a personal loan on the application in the merchant’s name | Rajkot News
It was then that Bharat Makwana (40), who owns a shop at Metoda GIDC in Rajkot, realized that he had been the victim of a cyber fraud carried out by Mahavirsinh Solanki, a commercial agent of a payment application mobile.
Makwana filed an FIR with Lodhika Police Station against Solanki on Friday for deceiving him out of Rs 1.48 lakh by fraudulently using personal loans online. He also accused Solanki of transferring money received from the companies to his own bank account using Makwana’s mobile payment app.
Defendant Solanki has not yet been arrested, police said.
According to the details of the case, Solanki approached Makwana in September last year and helped him open his mobile payment account.
Later, Solanki contacted Makwana after a few weeks and told him about a personal loan offer.
Makwana wanted to avail a loan of Rs 50,000 but Solanki said the offer was Rs 1.2 lakh. They mutually agreed that Makwana will keep the Rs 50,000 while the remaining Rs 70,000 will remain with Solanki.
But when the finance company started demanding payment for the EMIs, Makwana contacted Solanki and demanded repayment. After waiting a few months, Solanki met Makwana in December at his store and asked him to give his mobile phone to transfer the money to his account.
But instead of transferring the money, Solanki used Makwana’s bank details to get instant online personal loans from four different companies.
Once the money was credited to Makwana’s account, Solanki transferred the money to his own bank account.
Solanki did this after Makwana had left his cell phone with him for about an hour.
A few days later, Makwana started receiving loan repayment messages, but Solanki, meanwhile, went into hiding and could not be reached. Makwana therefore filed an FIR for cheating.
The investigation revealed that Solanki also used a similar method to deceive a trader in Rajkot, police said.