A couple in Ahmedabad’s Ranip area promised large rewards on credit card usage, defrauding 13 people out of Rs 3.50 crore. Promising them earnings persuaded people to take out cash using their credit cards.cxv
Jashwantsinh Chauhan filed a complaint alleging that Saurin Patel gave him a credit card in 2015. As their friendship developed, Patel assisted Chauhan’s acquaintances in acquiring credit cards.
In July 2021, Patel told Chauhan he needed money to launch a business. Patel assured Chauhan that the profits on the investment would be greater than those provided by banks.
Chauhan gave him all four of his credit cards because he trusted him. In addition, Patel withdrew Rs 30 lakh from Chauhan and issued 10 more cards in his name. Then, to make the total Rs 60 lakh, he obtained a personal loan of Rs 30 lakh. Patel gave Chauhan just Rs 12 lakh of the Rs 60 lakh.
Following that, in 2024, Patel and his spouse, Akshita, closed their office and left. Throughout the investigation, police found that the pair had used the same scheme to deceive 13 others, making a total of about Rs 3.50 crore.
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