Mumbai Hospital Employee Defrauded of Rs 30 Lakh in Elaborate Home Loan Scam
In a distressing case of financial fraud, an employee of a state-run hospital in Mumbai, who was actively searching for a home loan amounting to Rs 1 crore, fell victim to a sophisticated scam orchestrated by a fake finance company representative. Over a period of two years, the individual was systematically duped, resulting in a staggering loss of approximately Rs 30 lakh. The fraudulent activities spanned from November 19, 2023, to September 15, 2025, highlighting the prolonged nature of this deception.
How the Scam Unfolded: From Facebook Ad to Financial Ruin
The ordeal began when the complainant encountered an advertisement on Facebook promoting a service called Loan Mudra. Intrigued by the offer, she submitted her personal details, expecting legitimate assistance with her home loan application. Shortly after, she was contacted by an individual identifying himself as Sanjay Chaudhary, who presented himself as a representative of the finance company.
Chaudhary initially informed the victim that a loan of Rs 30 lakh had been sanctioned in her favor. However, he demanded payment of various fees to process the disbursement. Trusting his claims, the complainant complied. In a subsequent twist, Chaudhary announced that an additional Rs 30 lakh had been approved, once again requesting monetary payments under false pretenses.
Escalation of Deception: Hotel Accommodation and Multiple Transactions
The scam escalated further when Chaudhary claimed to have traveled to Mumbai to personally deliver the loan payment. He persuaded the victim to cover the costs of his hotel accommodation, adding to her financial burden. Over the course of the scam, the woman was coerced into making more than 40 separate transactions, transferring the entire sum to various bank accounts provided by the accused.
This systematic exploitation not only drained her savings but also eroded her trust in online financial services. The cumulative impact of these transactions left her in a precarious financial situation, with the promised loan never materializing.
Legal Action and Police Investigation
After realizing the extent of the fraud, the victim approached the authorities, leading to the registration of a First Information Report (FIR) at the south cyber police station earlier this month. A police officer involved in the case detailed the sequence of events, emphasizing the manipulative tactics used by the accused to extract money over an extended period.
The investigation is currently underway, with efforts focused on tracing the transactions and identifying the perpetrators behind this elaborate scam. This case underscores the growing threat of cyber fraud in urban centers like Mumbai, where individuals seeking financial assistance are increasingly targeted by sophisticated criminal networks.
Broader Implications for Online Safety and Financial Vigilance
This incident serves as a stark reminder of the risks associated with responding to unsolicited financial offers on social media platforms. Experts advise caution when sharing personal information online and recommend verifying the credentials of any financial service provider through official channels before engaging in transactions.
As digital platforms become integral to financial services, such scams highlight the urgent need for enhanced cybersecurity measures and public awareness campaigns to protect vulnerable consumers from similar predatory schemes.
