{
  "type": "article",
  "title": "Fake finance company dupes hundreds in Garhwa with false loan promises",
  "summary": "A fraudulent finance company in Jharkhand's Garhwa district cheated hundreds of residents by promising easy loans of 60 thousand rupees and fleeing with their money. Police have registered cases and launched an investigation.",
  "content": "A massive financial fraud has surfaced in Jharkhand's Garhwa district, where a fake lending entity targeted hundreds of unsuspecting residents under the guise of providing loans. The fraudulent operation lured individuals by promising them easy loans amounting to 60 thousand rupees. After collecting between 5 to 6 thousand rupees from each applicant under the pretext of processing fees and other formalities, the company representatives abruptly shut down their offices and vanished.\n\nFraud spreads across four blocks\nThe reach of this elaborate scam extends across four blocks within the district, specifically including Bhawanathpur, Nagar Untari, Kharondhi, and Khetar. According to local villagers, the company agents had assured them of receiving credit through simplified terms. Money was collected upfront from the applicants, and once a substantial sum was gathered from the large crowd, the perpetrators fled the scene. As news of the deception spread, panic gripped the region, prompting victims to approach local law enforcement seeking strict action and the recovery of their hard-earned money.\n\nFirst information reports and ongoing probe\nAuthorities at the Bhawanathpur police station have registered two separate first information reports regarding the incident. Law enforcement is currently investigating the entire network, gathering details about the individuals connected to the firm and tracking the monetary transactions. A victim named Amit stated that he was also given assurances of a loan and was charged money for it, after which the company operators became entirely unreachable.\n\nGarhwa Sub-Divisional Magistrate Prabhakar Mirgha noted that the entity operating under the name Ujjwal Capital Private Limited targeted impoverished and naive citizens. He added that the district administration and the Deputy Commissioner have been briefed on the matter. With official complaints now registered, investigations are actively underway. The official urged citizens to remain cautious of such operations, advising everyone to thoroughly verify the credentials of any financial institution before placing their trust in them. Authorities emphasized the need to stay away from individuals who claim to disburse large loans through shortcuts or unrealistic promises. The exact total amount defrauded and the final count of victims will be determined once the ongoing police inquiry is complete.\n\nWhat this means for you\nThis incident highlights growing concerns surrounding financial fraud and the vulnerability of ordinary citizens to deceptive lending practices.\n\n• Across India: Such fraudulent operations exploit gaps in financial literacy across rural and semi-urban regions. The situation underscores the vital importance of verifying the registration and credentials of any lending institution before handing over processing fees.\n• In Garhwa: Residents across Bhawanathpur, Nagar Untari, Kharondhi, and Khetar are dealing with financial distress as they seek the recovery of their lost funds. Following the scam, local authorities have issued strict advisories warning the public to steer clear of unverified micro-finance outfits.\n\nQuestions & Answers\n\n1. In which district did this scam take place?\nThe scam took place in Garhwa district, Jharkhand.\n\n2. Which company name was used to carry out the fraud?\nThe fraud was carried out under the name of a fake company called Ujjwal Capital Private Limited.\n\n3. What loan amount was promised to the victims?\nVictims were lured with the promise of a loan amounting to 60 thousand rupees.\n\n4. How much money was collected from each person as fees?\nBetween 5 to 6 thousand rupees were collected from individuals under the guise of processing fees.\n\n5. Which police station jurisdiction covers this case?\nThe case falls under the jurisdiction of the Bhawanathpur police station.\n\n6. How many blocks were affected by this fraud?\nThe impact of the scam spanned across four blocks in Garhwa district.\n\n7. Which specific blocks were targeted by the fraudsters?\nThe affected blocks include Nagar Untari, Kharondhi, Bhawanathpur, and Khetar.\n\n8. Who issued a public warning regarding this incident?\nGarhwa Sub-Divisional Magistrate Prabhakar Mirgha issued an appeal for caution to the public.",
  "url": "https://trendkia.com/en/jharkhand/garhava-men-pharji-phainensa-knpani-ka-khela-60-hajara-lona-ka-jhansa-dekara-saikaron-logon-se-thagi-25766",
  "category": "Jharkhand",
  "publishedAt": "2026-09-01",
  "tags": [
    "Garhwa fraud",
    "Jharkhand crime",
    "fake finance company",
    "loan scam",
    "Bhawanathpur news",
    "Ujjwal Capital"
  ],
  "language": "en",
  "site": "TrendKia"
}