B’luru: Homemaker, friends lost Rs 88L to lend a cheater – News2IN
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B’luru: Homemaker, friends lost Rs 88L to lend a cheater

B'luru: Homemaker, friends lost Rs 88L to lend a cheater
Written by news2in

Bengaluru: A housewife from Subramanyanagar, Northwest Bengaluru, filed a police complaint against two men, by saying they cheated him and his friends Rs 88 lakh with the pretext of arranging loans or investment Rs 50 Crore in his friends’ business.
Sremati (name changed), 36, said he found the contact number of the suspects while surfing the internet for agents who facilitate big loans.
Kuttat Manikantan and Manjunath Kumar, friends and entrepreneurs from Hubballi, have sought assistance in this matter.
Sremati met with the suspects – Rahul Tiwari and Prashant Kumar, both of Bengaluru – in a hotel in MG Road on March 2021.
“Tiwari and Kumar promised to regulate business loans or Rs 50 Crore investments.
After scanning our business documents, they said It is charged Rs 95 Lakh to expenditure such as processing costs and service fees.
A few days later, they told us that the processing work began and we had to pay Rs 10 lakh.
Manikantan transferred Rs 10 Lakh to Bank Kumar account on March 25.
On April 5 He transferred Rs 65 Lakh in two installments to the suspects.
Overall, we paid Rs 88 lakh to the duo.
Now, both of them are not Bernommunicado, “said Sreemati.
“Manikantan and the others blame me for trapping them on the racket …” Police said they needed to track the suspects before commenting on this problem.

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