Ahmedabad woman alleges ₹73 lakh loan fraud, four booked

The Detection of Crime Branch (DCB) in Ahmedabad has registered a case of cheating and criminal breach of trust after an Ahmedabad woman alleged that four persons duped her family of ₹73 lakh on the promise of arranging a business loan of ₹5 crore.

Nishaben Kamleshbhai Sanghani, a resident of Isanpur in Ahmedabad, lodged a complaint with the Economic Offences Wing stating that the accused assured her husband that they would arrange a loan through a credit society in Rajkot but instead collected large sums of money under various pretexts.

Sanghani stated that her husband Kamleshbhai Sanghani had been running a ceramic trading business in Morbi since 2015 under the name AAA Nano Minerals Pvt Ltd, supplying raw materials to tile manufacturers. In 2021, he allegedly entered into a business partnership with Abdul Rashid Syed of Morbi to start a tiles export venture under the name A K Furnishing.

During this period, Syed reportedly introduced Kamleshbhai to Sunilgiri Balwantgiri Goswami of Rajkot, claiming that Goswami operated a credit society and could arrange a large loan for business expansion. Goswami allegedly visited the complainant’s residence in Ahmedabad and assured the family that a loan of up to ₹5 crore could be arranged through his credit society.

Police said that after the assurance, Goswami repeatedly demanded money from the complainant’s husband under various pretexts, including loan processing charges, membership fees of the society and insurance expenses. Trusting the assurances, Kamleshbhai allegedly transferred funds through online transactions and also paid large sums in cash.

Between May 2021 and May 2025, a total of ₹31 lakh was transferred through digital modes such as Google Pay, NEFT and RTGS to accounts belonging to Goswami, his wife Sangeetaben Goswami, and Shyam Jagdishbhai Chauhan. In addition, ₹42 lakh was allegedly paid in cash, taking the total amount to ₹73 lakh.

However, the loan was never sanctioned. When the complainant’s husband began demanding the return of his money, the accused allegedly avoided his calls. In one conversation, Goswami reportedly told him that he did not run any credit society and had spent the money on personal expenses.

The complainant has alleged that Goswami, his wife Sangeetaben, Abdul Rashid Syed and Shyam Jagdishbhai Chauhan acted in collusion to cheat her husband by promising to arrange the loan and collecting money over several years.

Following the complaint, the Economic Wing of Crime Branch of the Ahmedabad has registered an offence and initiated an investigation. Police said statements of witnesses and financial transaction records are being examined as part of the probe.