Mumbai Fraud Alert: Kandivali Man Arrested For Duping Freelancer In ₹69 Lakh Share-Linked Loan Scam
Published on: Jan. 8, 2026, 3:46 p.m. | Source: Free Press Journal
A Kandivali man was arrested for allegedly duping a freelance professional of Rs 69.18 lakh by offering a loan against shares for a business venture. Police said the accused showed demo stocks and fake loan documents. The victim later found no shares were pledged and the loan never existed.
