Kolkata Trader Alleges Rs 53 Lakh Loan Fraud, Police Register Case Under BNS
A trader from the bustling Burrabazar market in Kolkata has come forward with a shocking claim of losing a substantial sum of Rs 53 lakh in what is being described as an alleged loan fraud. The Burrabazar Police Station has officially registered a case of fraud, acting on a court order that mandated the investigation into this serious financial matter.
Details of the Alleged Fraud Scheme
The complainant, a resident of MG Road, detailed in his official complaint that the accused individuals approached him with persuasive assurances to provide a loan of Rs 53 lakh. They promised regular interest payments as part of the agreement, which initially seemed legitimate. According to the trader, after the loan amount was disbursed, the accused did make some interest payments at the start, creating a false sense of security.
However, this facade quickly crumbled when the interest payments abruptly stopped. The trader further alleged that not only were the subsequent payments halted, but the entire principal amount of Rs 53 lakh was never returned. He claims it was misappropriated by the accused, leaving him in a significant financial predicament.
Legal and Police Action Taken
The alleged fraudulent activity is stated to have occurred on or before December 12, 2025, marking a critical timeline in the case. In response to the trader's complaint and the court's directive, the Kolkata police have taken swift action by registering the case under specific sections of the Bharatiya Nyaya Sanhita (BNS). The charges include sections 16(2), 318(4), and 61(2), which pertain to fraud and related offenses, underscoring the gravity of the allegations.
This development highlights ongoing concerns about financial scams in urban trading hubs like Burrabazar, known for its vibrant commercial activity. Authorities are now investigating the matter to uncover the full extent of the fraud and bring the perpetrators to justice.
