ReferIndia News Loan Scheme Scandal: Manager Arrested for Embezzling Crores

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Loan Scheme Scandal: Manager Arrested for Embezzling Crores

Published on: Sept. 6, 2025, 10:09 p.m. | Source: Devdiscourse

A general manager at a private loan company has been arrested for embezzling Rs 11.25 crore. Satish Chandra, in collaboration with others, issued fake NOCs, illegally closing loans for lower amounts. A complaint led to his arrest by Gurugram police, with further investigation ongoing.

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