Corporate Deception: Director Nabbed in Multi-Crore Loan Fraud
Published on: March 28, 2026, 7:45 p.m. | Source: Devdiscourse
A Gurugram company was allegedly defrauded by a business director who took out high-value loans using fictitious purchase orders. Following an investigation by the Economic Offences Wing-2, one director was arrested in Coimbatore. The suspect allegedly transferred loan funds to a personal company without providing any goods or repayment.
