Film producer Ajay Yadav arrested, cheated 32 lakh rupees in the name of getting loan from Delhi businessman

Delhi Police has arrested Bollywood film producer Ajay Yadav from South Delhi. Ajay Yadav is accused of duping many businessmen of lakhs in the name of getting loans at low interest. Producer Ajay Yadav allegedly duped a Delhi-based businessman of Rs 32 lakh on the pretext of getting a loan of Rs 65 crore in the present case. The 55-year-old accused has produced six films ‘Overtime’, ‘Bhadas’, ‘Love Phir Kabhi’, ‘Ranbanka’, ‘Suspense’ and ‘Sakshi’.

Ajay Yadav was absconding since 2015
DCP (South) Atul Kumar Thakur said, “Ajay Yadav was earlier arrested by the Special Cell and Kandivali Unit of Mumbai Crime Branch. He was absconding since 2015 and was arrested from Mathura after multiple raids in four states of Mumbai, Delhi, Madhya Pradesh and Uttar Pradesh. He invested money in making the film but most of the films flopped and he suffered huge losses.

Ajay Yadav used to claim to be the owner of a private finance company
Police said that Ajay Yadav claimed to be the owner of a private finance company and offered to give loan to the complainant within a few weeks. Police said, “He used to win the trust of businessman in need of loan by claiming links with film personalities and claiming to be one of the top film producers.”

Ajay Yadav started ignoring with Rs 32 lakh
The DCP (South) said that the complainant told Rahul Nath that he contacted the accused after seeing an advertisement in a newspaper and introduced himself as the director of Financial Consultant, Mumbai. Rahul Nath wanted a loan of 65 crores for ten years and he assured to give it an interest rate of 10 per cent per annum. Ajay Yadav asked them to deposit 32 lakhs as advance payment and started ignoring the complainant.

Ajay Yadav used to cheat by changing his identity
Atul Kumar Thakur said that the accused is living in a rented house and is cheating people by changing his identity. He said, “Ajay Yadav has taken many phone numbers on fake IDs and cheated many businessmen on the pretext of getting loans of crores of rupees from fake finance companies in different fake names at low interest rates.”


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