Tamil Nadu woman cheats people of lakhs with loan scam using RBI’s name and fake signatures

Pavitra, a resident of Hosur, the prime accused, duped victims by using fake signatures of the Finance Minister and faking RBI's backing

In yet another scam, a woman from Tamil Nadu has deceived numerous people, extracting lakhs of rupees under the guise of providing loans. Pavitra, a resident of Hosur, is the prime accused in this fraud, which exploited the name of Union Finance Minister Nirmala Sitharaman and purported affiliations with the Reserve Bank of India (RBI).

Pavitra’s modus operandi involved establishing a trust named “Blue Wings” to perpetrate her fraudulent activities. She duped victims by using fake signatures of the Finance Minister and showed videos of huge stashes of currency notes, all in an attempt to lure investments for her sham venture.

The deceitful scheme purported to offer loans with major subsidies, where Pavitra claimed that only half of the loan amount needed to be repaid. However, to access this supposed benefit, people were required to pay a processing fee to her trust. Unfortunately, those who fell prey to this ruse soon realized that no loan disbursements were forthcoming after parting with their hard-earned money.

Reports suggest that Pavitra targeted residents in villages on the outskirts of Bengaluru, including areas like Attibele, Hosur, Dharmapuri, and border villages between Karnataka and Tamil Nadu. By fabricating stories of a release of Rs 17 crore by the RBI, purportedly at the behest of Nirmala Sitharaman, Pavitra managed to convince villagers to invest in her fraudulent scheme.

Pavitra also targeted residents of Anekal, Chandapura, Surya Nagar, and Hoskote. Promising major subsidies and funds purportedly sourced from the United States, Pavitra convinced many people to invest in her fraudulent scheme. Victims, mostly women, paid amounts ranging from Rs 5,000 to Rs 25,000 as part of the scam.

Following the discovery of the scam, many victims filed complaints, leading to the registration of a case at the Attibele police station. Pavitra, along with thirteen accomplices, now faces charges of fraud.

This isn’t Pavitra’s first brush with the law, as she previously faced charges at the Surya Nagar police station for similar fraudulent activities.

You might also be interested in – Fishermen oppose Billionaire Adani’s mega port expansion in Tamil Nadu

Related Articles

Back to top button