Chandigarh: Man gets call to settle loan, loses Rs 32,500

CHANDIGARH: Police booked a man for allegedly cheating a city resident of Rs 32,500 on the pretext of settling his pending loan.
Rakesh Kumar Rajput, a resident of Sector 52, said he had taken a loan from a nonbanking finance company (NBFC) last year, and did not pay the last three EMIs. The EMI was Rs 6,945. He said some unknown person called him on May 18 stating that he was from the NBFC. He promised that his loan would be closed after he paid Rs.13,890 as two EMIs and Rs 2,362 as interest.
The accused provided an account number, following which the complainant transferred the amount in separate transactions. The accused then called the complainant and told him to deposit Rs 16,262, which would be refunded. However, the accused did not return the money, nor did he answered his phone. Rakesh submitted a complaint at the SSP public window. Police registered a case under Sections 419 (punishment for cheating by personation), 420 (cheating) and 120 B (criminal conspiracy) of the Indian Penal Code.