A finance company located near Vadodara railway station is under investigation for allegedly defrauding clients by promising large loans. The complaint was filed by Vishal Banawala, a loan agent from Vasai, Mumbai. He stated that in August 2023, he received a call from Benita Kansara, claiming to be from Dhanlaxmi FinCorp in Vadodara. She said their company could provide loans ranging from one crore to one thousand crores.
Benita instructed Vishal to visit their office on Jetalpuri Road near India Bulls to understand the loan terms and conditions. Vishal visited the office, seeking a loan of thirty crores for his client, Ravi Shankar Krishnarajeya, for a lake resort project. He paid 18.5 lakhs as processing and various charges.
Another client, Vaijnath Sawant, also sought a loan of fifty crores for his agro-industries business. He paid 30.40 lakhs for processing fees. However, neither client received their loans, and they did not get their money back.
Following this, police have registered a case against the company’s directors: Jayesh Maganlal Patel, Jayesh Babubhai Patel, Benita Kansara, and Ritu Dave. They are currently investigating the matter further.
This incident raises serious concerns about the operations of finance companies in India. Many people rely on loans for their businesses and personal needs. Fraudulent activities like this can cause significant financial harm to individuals and small businesses.
Authorities urge anyone who has faced similar issues with finance companies to come forward and report their experiences. It is crucial for the community to be aware of such scams and protect themselves from financial fraud.
In recent years, the number of financial fraud cases has increased, prompting a call for stricter regulations and better oversight of financial institutions. Consumers are also advised to conduct thorough research before engaging with any finance company. This includes checking for reviews, verifying credentials, and ensuring all terms are clear before making any payments.
The ongoing investigation aims to hold those responsible accountable and ensure that victims receive justice. The police have appealed to the public to remain vigilant and report suspicious activities related to finance companies. Taking preventive measures can help protect the community from future financial scams.
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