2 Finance Employees Cheat 31 Women of ₹8.37 Lakh in Khergam, Use Fake Receipts to Cover Embezzlement
Khergam, Navsari: A shocking case of white-collar crime and financial betrayal has surfaced in the Khergam region of Navsari district, where two trusted employees of a well-known finance company turned into predators. In a cold-blooded and pre-planned conspiracy, these two individuals swindled a total of Rs. 8,37,851 from 31 innocent female customers who believed they were paying off their hard-earned loans. Instead of the money reaching the company’s coffers, it was allegedly siphoned off for the personal luxuries of the accused.
On this Wednesday, January 14, 2026, the local community in Khergam is reeling from the details of this financial fraud. The incident has sent shockwaves through the local cooperative and finance sectors, raising serious questions about the internal auditing and security protocols of private financial institutions. The Khergam Police have officially registered a criminal case and launched an extensive investigation into what appears to be a systemic abuse of trust and authority.
The Masterminds Behind The Finance Fraud: Ankit And Sunil’s Web Of Deceit
The epicenter of this massive finance fraud is the L&T Finance office located in the Sutharwad area of Rumla, Khergam. The two primary accused, who were supposed to facilitate financial growth for rural women, have been identified as:
- Ankit: A resident of Sahyog Society, Desaivad, Khergam.
- Sunil: A resident residing near the Post Office area in Khergam.
As responsible employees of the finance company, Ankit and Sunil held significant influence over the local female clientele. They leveraged this position of authority to build a false sense of security. When the female customers, many of whom belong to modest backgrounds, approached the office to pay their monthly installments or to opt for a “Loan Closure” (full repayment), the duo was ready with their trap. They encouraged cash transactions, promising the women that their loans would be settled immediately.
Modus Operandi Of The Finance Fraud: Using Fake Receipts To Silence Suspicions
The level of planning involved in this finance fraud is staggering. To ensure that the customers did not suspect any foul play, the accused utilized technology to commit forgery. Using a laptop and a printer, Ankit and Sunil generated fake receipts that closely resembled the company’s official documents. These fraudulent papers were handed over to the 31 women as “proof” that their cash had been successfully deposited into their loan accounts.
In reality, not a single rupee of the collected Rs. 8.37 Lakhs was entered into the company’s digital system. The money went straight into the pockets of Ankit and Sunil. Because the women held these counterfeit receipts, they remained under the impression that they were debt-free. This deception allowed the accused to continue their finance fraud for an extended period without being detected, preying on one woman after another.
How The Massive Embezzlement Was Exposed: 31 Victims Seek Justice
The house of cards collapsed when the company’s automated system began flagging these accounts for non-payment. The 31 women, who believed their loans were closed, started receiving legal notices and aggressive collection calls from the head office. Confused and alarmed, the victims rushed to the Khergam branch, proudly displaying the receipts provided by Ankit and Sunil.
To the horror of the company’s senior management, the receipts were revealed to be sophisticated forgeries. An internal audit was immediately launched, which confirmed the worst-case scenario: a total of 31 female customers had been defrauded of a cumulative sum of Rs. 8,37,851. The management quickly realized that the internal trust had been violated by their own staff members, leading to this catastrophic finance fraud.
Khergam Police Launch Manhunt: Criminal Charges Filed Against The Duo
Following the internal discovery, a formal complaint was lodged by an official representative of the company, also named Ankit Shankarbhai Patel, at the Khergam Police Station. Taking the matter with extreme seriousness, the Khergam Police have registered a case against the two accused under various sections of the Bharatiya Nyaya Sanhita (BNS). The charges include:
- Breach of Trust: For violating the fiduciary duty towards the employer and clients.
- Cheating: For intentionally deceiving the 31 women to gain financial advantage.
- Forgery: For creating and distributing fake receipts as genuine documents.
The investigation is being spearheaded by PI P.D. Chaudhary. Police teams are currently conducting raids at the residences and known hideouts of Ankit and Sunil. “We are investigating whether this finance fraud involves a larger network or if more victims are yet to come forward. The amount of embezzlement might increase as we dig deeper into the transaction history,” stated a senior police official.
Financial Literacy Alert: How To Protect Yourself From Finance Fraud
This incident in Khergam serves as a grim reminder for all citizens dealing with private finance firms. To prevent being the next victim of a finance fraud, experts suggest the following precautions:
- Avoid Cash Transactions: Always prefer paying loan installments via Digital modes like UPI, Net Banking, or Cheques. This creates an unalterable digital trail.
- Verify Via Official Apps: Most finance companies have official mobile applications. Always check your “Outstanding Balance” and “Transaction History” on the app rather than relying on a physical paper receipt.
- Cross-Check SMS Alerts: Legitimate companies send an instant SMS from a verified sender ID as soon as a payment is processed. If you do not receive an SMS while sitting in the office, something is wrong.
- Demand Digital Signatures: Ensure that any receipt handed to you has a valid digital signature or a verifiable QR code that leads to the company’s official portal.
The Road To Recovery: A Community In Shock
The 31 women involved in this finance fraud are now facing an uphill battle to clear their names from the defaulter list of the company. While the police are working to recover the embezzled funds from the accused, the emotional trauma and the fear of losing their credit rating have left the victims devastated. The Khergam community is now demanding the strictest possible punishment for Ankit and Sunil to set a deterrent against such white-collar crimes in the future.
As the investigation into this finance fraud continues, the police have appealed to any other residents who might have dealt with these two individuals to come forward and verify their loan accounts. The Khergam Police remain committed to ensuring that every drop of the embezzled Rs. 8.37 Lakhs is accounted for and that the culprits face the full force of the law.
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