Close Menu
    What's Hot

    Saiyaara Trailer: Ahaan Panday And Aneet Padda To Take Over Screens With Their Whirlwind Romance

    July 8, 2025

    80 Years Old Mystery of 5 Missing Kids

    July 8, 2025

    VIVO IPL Player Auction Rising Pune Supergiant

    July 8, 2025
    Facebook X (Twitter) Instagram
    N24India
    • Home
    • Features
    • Politics

      Kashmir Attack Sparks Media Storm Amid Political Blame Game

      April 23, 2025

      Religious Bias Allegations Rock Amazon, eBay, and Oracle Customer Support many Companies.

      January 10, 2025

      Feroz Khan Addresses Controversy with AIMIM MLA, Calls for Improved Road Infrastructure in Asifnagar -N24india

      October 7, 2024

      Yati Narsinghanand Saraswati Sparks Outrage with Hate Speech Against Prophet Muhammad: Calls for Legal Action Intensify

      October 5, 2024

      Drugs, Baby Oil, Video Tools: What Went On At Rapper Diddy's "Freak Offs"

      September 23, 2024
    • Science
      1. Politics
      2. Lifestyle
      3. Sports
      4. View All

      Kashmir Attack Sparks Media Storm Amid Political Blame Game

      April 23, 2025

      Religious Bias Allegations Rock Amazon, eBay, and Oracle Customer Support many Companies.

      January 10, 2025

      Feroz Khan Addresses Controversy with AIMIM MLA, Calls for Improved Road Infrastructure in Asifnagar -N24india

      October 7, 2024

      Yati Narsinghanand Saraswati Sparks Outrage with Hate Speech Against Prophet Muhammad: Calls for Legal Action Intensify

      October 5, 2024

      Saiyaara Trailer: Ahaan Panday And Aneet Padda To Take Over Screens With Their Whirlwind Romance

      July 8, 2025

      How Smriti Irani Is Dealing With Trolls On Kyunki: "When You Are In The Public Eye…"

      July 8, 2025

      From Animal To Ramayana, Indira Krishnan Says Playing Ranbir Kapoor's Mom Is "Like A Con By The Universe"

      July 8, 2025

      "I'm A Part-Time Actor, Full-Time Politician": Smriti Irani Exclusive

      July 8, 2025

      Watch Weightlifting at Paris 2024 – Follow the Olympic Games

      July 15, 2024

      Charlotte Hornets Makes Career-high 34 Points in Loss to Utah Jazz

      July 15, 2024

      Young Teen Sucker-punches Opponent During Basketball Game

      March 12, 2021

      Bills’ Josh Allen Finishes Second in NFL Most Valuable Player Voting

      January 18, 2021

      World’s first electric hydrofoil ship is coming to Saudi Arabia’s NEOM

      August 21, 2024

      World’s Tiniest Fanged Frogs Lay Their Eggs on Leaves and Guard Them

      July 15, 2024

      Get this 4K HD Dual-Camera Drone with WiFi for $75

      July 15, 2024

      Russian Satellite Breaks up in Space, Forces ISS Astronauts to Shelter

      July 15, 2024
    Facebook X (Twitter) Instagram
    N24India
    Home»Politics»2,000 Ghost Customers, Fake Mahindra Account: Rs 150 Crore Scam In Mizoram
    Politics

    2,000 Ghost Customers, Fake Mahindra Account: Rs 150 Crore Scam In Mizoram

    AdminBy AdminApril 26, 2024No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    A fake ‘Mahindra’ account, Over 2,000 ghost customers and a fraud amounting to Rs 150 crore – These elements constituted “the biggest auto-finance scam of northeast India”. The Mizoram Police has now busted the gang behind the scam running over for nearly four years and arrested 11 people including the alleged mastermind.

    The accused sanctioned car loans by creating fake files for more than 2,000 ghost customers. They allegedly used the loopholes in the oversight process of Mahindra & Mahindra Financial Services Limited (MMFSL), KYC verification process auditing, tele-verification as well as a supervisory mechanism to continue their activities from 2020 to 2024, the police said. MMFSL primarily engages in the disbursement of vehicle loans.

    The case came to light after On March 20, Ankit Bagree – the Circle Head of the MMFSL – alleged financial fraud amounting to Rs 150 crore by the then area business manager at the Mizoram branch. Another case was filed on March 29.

    The Modus Operandi

    Mr Hussain, the alleged mastermind, conspired with a few other colleagues and opened a fake bank account in 2020 under the “Mahindra Finance Limited” – that closely resembled the original brand name.

    This bank account was used to hold the defrauded money for more than three years.

    Two of Mr Hussain’s accomplices – Edenthara and Lalthankima – impersonated the country business head and submitted forged documents.

    The mastermind in the case was arrested on March 29 after a raid was conducted at his home by the Crime Investigation Department or CID. A laptop and several mobile phones were seized during the raid.

    Fake Stamps, Seals And Documents

    Edenthara and Lalthankima were arrested on April 2 and revealed during interrogation that Mr Hussain prepared fake documents and misrepresented their office designations, presenting themselves as

    senior company officials, to open a bank account in the name of Mahindra Finance Limited. They created fake stamps, seals, and documents for the purpose. The fake account was created to receive payments from car dealers.

    Mr Hussain used to remove these fake files from office and transport themo the house of his other aide Manoj Sunar. He used to pay Mr Sunar Rs 15,000 per month for his help in the fraudulent operations.

    During searches at Mr Sunar’s house, seven sacks containing files from 2022 to 2024 and forged stamps were recovered. He was arrested on April 3.

    How Accused Managed The Ghost Accounts

    Mr Hussain and his associates used to make EMI payments for fake accounts by withdrawing money from the fake “Mahindra” account to avoid suspicion and ensure ghost accounts don’t turn into non-performing assets or NPA.

    Recoveries

    The police have frozen 26 ghost bank accounts amounting to nearly 2.5 crores. The accounts of car dealers – worth Rs 1 crore – have also been frozen. 15 cars worth Rs 3 crore have also been recovered.

    Nearly Rs 3.47 crores have been returned by car dealers directly to the MMFSL.

    Three laptops, 10 mobile phones, 549 ghost customers’ files, 25the forged seals, more than SIM cards, two personal diaries and various other identity documents have also been recovered.



    Original Source

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    Kashmir Attack Sparks Media Storm Amid Political Blame Game

    April 23, 2025

    Religious Bias Allegations Rock Amazon, eBay, and Oracle Customer Support many Companies.

    January 10, 2025

    Feroz Khan Addresses Controversy with AIMIM MLA, Calls for Improved Road Infrastructure in Asifnagar -N24india

    October 7, 2024

    Comments are closed.

    Advertisement
    Demo
    Latest Posts

    Saiyaara Trailer: Ahaan Panday And Aneet Padda To Take Over Screens With Their Whirlwind Romance

    July 8, 2025

    80 Years Old Mystery of 5 Missing Kids

    July 8, 2025

    VIVO IPL Player Auction Rising Pune Supergiant

    July 8, 2025

    How Smriti Irani Is Dealing With Trolls On Kyunki: "When You Are In The Public Eye…"

    July 8, 2025
    Trending Posts
    Business & Economy

    Maersk CEO Vincent Clerc Speaks to ‘Massive Impact’ of the Red Sea Situation

    January 20, 2021
    Sports

    Review: Can Wisconsin Clinch the Big Ten West this Weekend

    January 15, 2021
    Biotech

    These Knee Braces Help With Arthritis Pain, Swelling, and Post-Surgery Recovery

    January 15, 2021

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Hyderabad
    • Telengana
    • Lifestyle
      • Science
    • Politics
      • Asia
      • Europe
      • World
    • Middle East
    • Sports
    • Home
    • Blog
    • Homepage
    • Typography Elements
    • Get In Touch
    • Our Authors
    © 2025 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.