{
  "id": 15253768,
  "title": "Piramal Finance Allegedly Duped Of ₹4.03 Crore Through 147 Fraudulent Online Loan Applications; Ghatkopar Police Register FIR",
  "url": "https://urgent.news/2026/10/17/piramal-finance-allegedly-duped-of-4-03-crore-through-147-fraudulent",
  "topic": "world",
  "section": "World",
  "published": "2026-10-17T17:30:18.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/mumbai/piramal-finance-allegedly-duped-of-403-crore-through-147-fraudulent-online-loan-applications-ghatkopar-police-register-fir"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Ghatkopar police in Mumbai have registered a case against Piramal Finance Limited after it allegedly lost ₹4.03 crore to 147 fraudulent online loan applications. The fraudulent applications were submitted between February 18 and 20, 2026, using forged documents and repeated identity details. Piramal Finance's Fraud Control Unit detected the suspicious applications due to an unusual spike in loan requests. Among the 147 applications, 25 were submitted on February 18, 78 on February 19, and 44 on February 20. The common names and bank account details across multiple applications, along with identical names on PAN and Aadhaar cards, raised red flags. Piramal Finance processes online personal loan applications through an automated system that verifies applicants' identity, bank accounts, and income before approving loans. The company suspects that the accused exploited this system to obtain loans using fabricated or manipulated documents. The Ghatkopar police have registered a case under relevant provisions of the Bharatiya Nyaya Sanhita and the Information Technology Act, and further investigation is underway to identify the accused and determine how the alleged fraud was carried out.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}