Fraudulent Mudra Loan Surfaces After Seven Months
A 36-year-old travel operator from Ahmedabad's Sabarmati area has accused a loan agent of fraudulently obtaining a Rs 9.5 lakh Pradhan Mantri Mudra Yojana loan in his name by allegedly misusing documents submitted for a separate vehicle loan inquiry. The fraud came to light in July 2025 when the complainant, Pankaj Rawat, approached a vehicle dealership for a fresh loan and was informed about the existing default.
How the Fraud Unfolded
According to an FIR registered by Chandkheda police on Thursday, Rawat, who runs a small travel business from his residence, had approached a loan agent in December 2023 to secure finance for purchasing vehicles. Rawat stated that his friend Mandeep Yadav introduced him to Dilip Malla, who allegedly operated as a loan agent from an office on IOC Road in Chandkheda.
Police said Rawat visited the office with another friend and submitted copies of his Aadhaar card, PAN card, income tax returns, photographs, and blank SBI cheques for processing the loan. As per the complaint, Malla allegedly kept assuring Rawat that the loan process was underway before later informing him that the application could not be sanctioned. Rawat alleged that Malla returned his documents only after obtaining his signatures on several papers, claiming they were required for handing back the originals. The complainant said he signed the documents without reading them.
Discovery of the Fraud
The alleged fraud surfaced in July 2025 when Rawat approached a vehicle dealership in Motera for a fresh vehicle loan. During verification, a loan agent informed him that an existing loan in his name had already defaulted, adversely affecting his CIBIL score. Further inquiries allegedly revealed that a Rs 9.5 lakh Mudra loan had been sanctioned in January 2024 from a Bank of India branch in Sanoda village near Dehgam using forged business records, GST documents, and quotations linked to a 'Mayur Boutique'.
Rawat alleged that while the documents carried his name, they contained fabricated business details and addresses. Based on the complaint, Chandkheda police have registered a case against Dilip Malla for cheating, forgery, and misuse of documents. Further investigation is underway.
