Film producer Ajay Yadav arrested, cheated Rs 32 lakh in the name of getting loan from Delhi businessman

Delhi Police has arrested Bollywood movie producer Ajay Yadav from South Delhi. Ajay Yadav is accused of duping many businessmen of lakhs in the name of getting loans at low curiosity. Producer Ajay Yadav allegedly duped a Delhi-based businessman of Rs 32 lakh on the pretext of getting a loan of Rs 65 crore in the current case. The 55-year-old accused has produced six movies ‘Overtime’, ‘Bhadas’, ‘Love Phir Kabhi’, ‘Ranbanka’, ‘Suspense’ and ‘Sakshi’.

Ajay Yadav was absconding since 2015
DCP (South) Atul (*32*) Thakur mentioned, “Ajay Yadav was earlier arrested by the Special Cell and Kandivali Unit of Mumbai Crime Branch. He was absconding since 2015 and was arrested from Mathura after a number of raids in 4 states of Mumbai, Delhi, Madhya Pradesh and Uttar Pradesh. He invested cash in making the movie however most of the movies flopped and he suffered big losses.

Ajay Yadav used to assert to be the proprietor of a non-public finance firm
Police mentioned that Ajay Yadav claimed to be the proprietor of a non-public finance firm and supplied to offer loan to the complainant inside a number of weeks. Police mentioned, “He used to win the trust of businessman in need of loan by claiming links with film personalities and claiming to be one of the top film producers.”

Ajay Yadav began ignoring with Rs 32 lakh
The DCP (South) mentioned that the complainant instructed Rahul Nath that he contacted the accused after seeing an commercial in a newspaper and launched himself as the director of Financial Consultant, Mumbai. Rahul Nath wished a loan of 65 crores for ten years and he assured to offer it an rate of interest of 10 per cent every year. Ajay Yadav requested them to deposit 32 lakhs as advance fee and began ignoring the complainant.

Ajay Yadav used to cheat by altering his id
Atul (*32*) Thakur mentioned that the accused resides in a rented home and is dishonest individuals by altering his id. He mentioned, “Ajay Yadav has taken many phone numbers on fake IDs and cheated many businessmen on the pretext of getting loans of crores of rupees from fake finance companies in different fake names at low interest rates.”

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