Initially Published: 26th April, 2024 21:03 IST
The primary architect of this stratagem was Jakir Hussain, a previous Area Manager at Mahindra & Mahindra Financial Services Ltd., who devised the plot with his accomplices.
Assembled By The Northeast Live Digital Team
In what is being dubbed as the largest scam in the history of Mizoram, and possibly the entire Northeast, Mizoram Police have detained a total of 11 individuals.
Anil Shukla, the DGP of Mizoram, declared at a news conference in Aizawl today that this syndicate perpetrated a fraud amounting to roughly Rs 150 crores by sanctioning vehicle loans using counterfeit files and over 2,000 phantom clients.
The suspects under arrest are Jakir Hussain, Lalthankima, Edenthara, Manoj Sunar, Rintu, Kajal Das, C. Lalawmpuia, Yogesh Sarda, Lalrinunga Ralte, Lalchhandama and Praloy Das.
The law enforcement officials have frozen 26 bank accounts amassing to Rs 2.5 crores, and seized electronic devices along with other relevant paperwork from their domains. Moreover, about 15 automobiles valued at more than Rs 3 crores have been retrieved from several different locations.
When addressing the situation, the DGP mentioned that the brain behind the plot was Jakir Hussain, the ex-Area Manager of Mahindra & Mahindra Financial Services Ltd., who engineered the deception with his associates.
The scandal was revealed after a FIR was registered at Aizawl Police Station on March 20, 2024 by the Circle Head of Mahindra & Mahindra Financial Services Ltd.
Following that, a raid was executed at Jakir Hussain’s residence on March 29, leading to his arrest after extensive questioning. Hussain’s arrest paved the way for the apprehension of the remaining suspects linked with the fraudulent operation.
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