A major fraud case has surfaced in Indore’s Kanadia police station area, where three individuals allegedly prepared fake company documents, obtained a municipal corporation license, and used it to secure loans from multiple banks, siphoning off lakhs of rupees. Based on a complaint filed by Harsh Kumar Verma, a resident of Libondi, the police have booked Kamal Lodhi, Ravikant Tiwari, and Rahul Chadar.
Investigations revealed that the accused tampered with quotations from Verma’s company, Shyam Automotive, and created altered documents to illegitimately obtain a license from the municipal corporation. Using this license, they opened a fake bank account in the name of the company at a bank in Mahalaxmi Nagar, submitting forged PAN cards, fake Gumasta licenses, and counterfeit company seals.
Using this fraudulent account, the accused then applied for loans in the company’s name and withdrew the sanctioned amounts. The fraud came to light when the accused began pressuring the company for delivery of vehicles after loans were approved, while the company had not received any payment. Suspicious, the company verified the documents and discovered the forgery. Police are currently interrogating the accused.
