Tamil Nadu wind energy firm duped of ₹30 lakh in fake ₹30-crore loan scam, 3 accused booked in Ahmedabad

The Ahmedabad Police have registered a case against three persons for allegedly cheating a Tamil Nadu-based wind energy company of ₹29.75 lakh by promising to arrange a ₹30-crore business loan, only to vanish after receiving the payment.

According to the FIR lodged at Satellite Police Station on Wednesday, the complainant, Ganesh Devraj Chandra Mouleshwaram, a resident of Trichy in Tamil Nadu, and owner of Fundline Wind Energy Pvt Ltd, stated that the accused posed as loan facilitators and lured him into transferring the money as a “stamp duty fee” for the loan approval.

Ganesh, who runs a windmill power generation company supplying electricity to both private and government sectors, alleged that the accused identified as Nitant Puranchand Sharma, a resident of Jaipur (Rajasthan), Ravi Parmar and Anil Agarwal called him between July 20 and August 7, 2025 and invited him to their Ahmedabad office located at Office No. 812, Shripar Athens near Shivranjini Crossroads, Satellite.

“They told him that their company could arrange a ₹30-crore business loan for Fundline Wind Energy Pvt Ltd. They asked me to visit their office in Ahmedabad and bring my company’s financial documents for verification.” Ganesh stated in his complaint.

Ganesh said that on July 29, 2025, he travelled to Ahmedabad and met the three men, who inspected his company papers and assured him that they would send a representative to Tamil Nadu to conduct a valuation before approving the loan.

Subsequently, on August 1, 2025, Nitant Sharma reportedly visited the company’s site in Namakkal, Tamil Nadu, and after the inspection, confirmed that the loan of ₹30 crore had been sanctioned. “He told me to come back to Ahmedabad with all the original documents to finalise the process,” the complainant added.

On August 7, 2025, Ganesh returned to Ahmedabad and was told that he would have to pay 1% of the loan amount as stamp duty. The accused then gave him an account number of Vignesh Associates, in which Ganesh transferred ₹29.75 lakh from his bank account.

“The accused asked me to wait at my hotel and said they would meet me within an hour to complete the formalities. However, after two hours, their phones were switched off. When I went back to their office, it was locked,” Ganesh told the police.

Realising that he had been duped, Ganesh approached the Satellite Police and filed a complaint seeking action against the three accused for cheating and criminal conspiracy.

Based on his statement, the police have booked Nitant Puranchand Sharma, Ravi Parmar, and Anil Agarwal under relevant sections of the Bharatiya Nyaya Sanhita (BNS) for cheating, criminal breach of trust, and conspiracy.

Officers said they are verifying the financial transactions and have sought account details from the concerned banks. A police official said preliminary inquiries suggest the accused may have operated a loan racket targeting business owners across states by setting up fake offices and using temporary phone numbers. “We are coordinating with Tamil Nadu Police to check if similar complaints have been filed elsewhere,” the official said.