A couple in Ranip duped 13 people of ₹3.50 crore by promising high returns on credit card usage. They convinced individuals to withdraw money with their credit cards, assuring them of profits in return.

As per a complaint filed by Jashwantsinh Chauhan, in 2015 he had obtained a credit card from Saurin Patel. Over time their relationship grew, and Patel helped Chauhan’s friends with credit cards as well.

In July 2021, Patel informed Chauhan that he wanted to start a business and needed funds to do so. Patel promised Chauhan higher returns on the money than those offered by banks.

Trusting him, Chauhan handed over all four of his credit cards. Patel also issued 10 additional cards in the name of Chauhan and withdrew ₹30 lakh from them. He then took out a personal loan of ₹30 lakh, bringing the total amount to ₹60 lakh. Of the ₹60 lakh, Patel returned only ₹12 lakh to Chauhan.

Thereafter, Patel and his wife Akshita shut their office and fled in 2024. During the investigation, the police discovered that the couple had defrauded 13 people using the same scam, accumulating approximately ₹3.50 crore.

Also read :

Loan consultant duped of ₹55 lakh with lure of returns for swiping credit cards