A loan consultant was duped of ₹55 lakh in the name of ‘billing business’, promising returns for swiping his credit cards. A complaint has been with the Crime branch in this regard.

As per the complaint by Kamaljeet Sharma, a loan consultant who lives in Sardarnagar, Ahmedabad, he was duped by Ramchandra Badhel, who runs an office on Ashram Road. Badhel, also known as R P  Singh or Rajubhai, allegedly promised high returns by swiping credit cards under various business names, including Prachi Enterprises, Surbhi Enterprises, and Raj Finserve.

Badhel contacted Sharma in June 2023, offering to manage credit card swiping transactions and promised that he will give ₹130 daily on the transaction of ₹1 lakh he makes.

Following this, Sharma began swiping his credit cards for Badhel, and Badhel assured him that funds would be deposited into his account. 

At first Badhel gave all the funds for which he made the transactions with Sharma’s card and the  promised ₹130 per transaction.

However, over time, Badhel failed to reimburse the amount swiped from Sharma’s card.

From June 2023 to July 2024, Badhel paid ₹100 every day for the transaction he made and reimbursed  ₹16.97 lakh to Sharma.

But the amount swiped with the credit card and the funds obtained from Sharma’s account amounting to ₹55.55 lakh were not reimbursed by Badhel. 

Following which a complaint was officially registered with the crime branch. Investigations are underway to uncover the details of this elaborate fraud.

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