Pvt bank employee cheated of Rs 13 lakh in fake home loan case

Bengaluru: Police have launched an investigation after a 33-year-old Nagarbhavi resident lost Rs 13 lakh while seeking a home loan online, officials said on Thursday.According to the FIR, Karan P (name changed), a private bank employee, was looking for a home loan online.On December 29, 2025, he clicked on a link while researching loan options and soon received a call from a man who identified himself as Gautham alias Prathap, claiming to represent GM Fincorp.During their conversation, Gautham told Karan that his low CIBIL score made him ineligible for the loan. Gautham then offered to improve or “manually rectify” the score through backdoor channels.Manipal Hospitals launches bike ambulance across high-traffic Bengaluru to reach patients faster“This claim is completely false. There is no legitimate way for a third party to manually override a CIBIL score,” a police officer said.Between December 2025 and July 10, 2026, Karan transferred Rs 13 lakh to Gautham, who claimed the money was towards processing charges, tax, security deposit and other expenses.The victim filed an online complaint on September 18, following which an FIR was registered. He told police that he delayed reporting the fraud as the suspect had promised to return the money.“We suspect there are more victims who have fallen for such scams online. It is safe to approach only legitimate channels when seeking loans or other financial assistance,” the officer said. The investigation is on.How to stay safe:- Approach only legitimate financial institutions- Never share personal or sensitive information- Raise any CIBIL score dispute directly with CIBIL- Report fraud to the police without delay to improve chances of recovery

Source: Deccan Herald