Fraudulent Loan of Rs. 16.7 Lakh Secured in Gangtok; Investigation Underway

An FIR was filed on 24th February 2025 by a man resident of Sakyong Dokyong, Kalimpong District, West Bengal, working in Gangtok. He has accused one MK Subba a resident of Mangan, Sikkim, of committing fraud by obtaining a personal loan from Bajaj Finance Limited using fake documents and impersonation.

According to the complaint, Subba allegedly visited the Bajaj Finance branch at 6th Mile, Tadong, on 10th September 2024, and successfully secured a loan amounting to Rs. 16,71,627/-. However, after Subba failed to make timely EMI payments, an inquiry revealed that all the submitted documents were fraudulent. It was discovered that Subba had falsely represented himself as an employee of the Sikkim National Transport (SNT), a government body.

Despite being confronted with the evidence, Subba denied the allegations and refused to acknowledge the use of fake documents. The FIR also indicates that there may be other individuals involved in this fraudulent activity.

In response to the complaint, a case (FIR No. 09/2025) has been registered at Ranipool Police Station under sections 61(2), 318(2)(4), 319(2), and 336(3) of the BNS, 2023. The investigation is currently ongoing, with witnesses being questioned and their statements recorded. Authorities have assured that all necessary legal procedures are being followed, and the case remains under active investigation.