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Pune Institution Head Cheated of Crores in Loan Scam
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News18•11-10-2026, 13:52
Pune Institution Head Cheated of Crores in Loan Scam
- •An educational institution head in Pune was cheated of Rs 87 lakh 61 thousand under the lure of securing a multi-crore loan.
- •The accused gained trust by issuing fake checks worth crores and taking advance payments through cash and online transfers.
- •When demanded to return the money, the fraudsters handed over heavy bags and boxes containing bricks, old newspapers, and pillows instead of cash.
Key Questions Answered
The founder of the 'Jadhav Group of Institutes', Sudhakarrao Uddhavrao Jadhav, was cheated of Rs 87 lakh 61 thousand under the lure of securing a large loan.
When the loan checks bounced and money was demanded back, the accused handed over six heavy bags and two boxes which actually contained waste newspapers, bricks, bedsheets, and pillows instead of cash.
A police case has been registered against Anup Divekar, Anand Divekar, and a person named Deshmukh in connection with the fraudulent loan scam.
