Rewari man duped of ₹59 lakh in property loan scam
Accused took his documents, misused them to get loans from 8 banks, and siphoned off the money. Police registered a case against 12 people, including bank officials
Rewari (The Uttam Hindu): A case of fraud of Rs 59 lakh has come to light in Rewari city involving a company employee. It is alleged that in the name of providing property, his documents were misused to obtain loans from various banks and the entire amount was siphoned off. Based on the complaint, the police have registered a case against 12 people, including officials from nine banks, under various sections including fraud and have begun investigation. At present, no accused has been arrested.
In his complaint to the police, DK, a resident of Rewari, stated that he worked at a company in Bawal. On October 19, 2024, he met Rakesh and Anil, who lived in a society on Garhi Bolni Road, through a colleague at the company. Rakesh, claiming to be a real estate businessman, offered to invest in property.
According to the victim, the accused initially offered to take a loan through a company in Dharuhera, transfer the money to their account, and register the plot in exchange, which he refused. The accused then took his documents and promised to get him a loan of 20 lakh rupees, but applied to eight banks without his knowledge.
Between October 30 and November 5, 2024, the accused took out loans totaling ₹59,19,513 in his name from eight banks. When the victim learned of this and protested, the accused promised to pay the EMIs themselves. Meanwhile, Rakesh also kept his checks as security.
It is alleged that approximately 59 lakh rupees were withdrawn from the victim's account between October 30 and November 7 by misusing these checks. On November 14, the accused transferred 400 square yards of the 750 square yards of land to him and promised to provide the remaining land soon. Later, an investigation revealed that the land was already occupied by another person.
According to the victim, Rakesh initially deposited 13 installments, but later sold the flat and absconded. On December 12, 2025, Rakesh presented two checks for Rs 3.5 million and Rs 3,399,167, dated February 2026, to repay the loan, but they bounced when deposited with the bank.
The victim alleged that Rakesh had previously defrauded approximately 30 people in a similar manner. Kasaula police have registered a case against Rakesh, Anil, Mamta, and the relevant bank officials and have begun an investigation.