Achi news desk-
(symbolic image)
– Photo: Amar Ojala
expansion
The police have arrested about 11 people in Mizoram on charges of defrauding a non-banking private financial company to the tune of 150 million rupees. Mizoram Director General of Police Anil Shukla said this scam involving five local car dealers has been going on for more than four years.
The matter came to light through the complaint of Mahindra and Mahindra Financial Services Limited.
According to media reports, the entire scam came to light when on March 20, Mahindra & Mahindra Financial Services Limited filed a complaint against its Mizoram region business manager Zakir Hussain at the Aizawl police station. In the complaint, the company accused him of fraud in repaying car loans. Hussain is a resident of Tazpur, Assam.
Open a fake bank account in the name of Mahindra Finance Limited
Based on the company’s complaint, the Crime and Economy Police registered another case. When the investigation began, it became clear that Hussain, with the help of some employees, used fake documents to get rid of the fraudulent money. He opened a fake bank account in the name of Mahindra Finance Limited at Mizoram Gramin Bank’s Khatala branch in 2020. Police said we have arrested 11 people, including mastermind Zakir Hussain, in a Rs 150 crore financial fraud case.
