Gujarat tech students caught in Gurugram start-up’s ‘loan scam’

INSUBCONTINENT EXCLUSIVE:
AHMEDABAD: Over 100 students of a prominent Ahmedabad engineering college are caught up in an alleged scam involving a dubious Gurgaon
until they started getting bank EMI demands.The total sum involved is over Rs 2.5 crore through loans taken in the names of the 124 students
since 2021 through campus placements at their college in Sola area by two purported representatives of the company at salaries that later
turned out to be irregular
The loans were taken within two months of hiring, they alleged
EMI reminders of around Rs 5,000 from a leading bank started.The EMIs were automatically deducted from accounts that had balances, while the
CIBIL (credit rating) score of students who did not have funds have been affected over defaults on loans they never took.After this, the
They claim they were told the matter would be resolved and that they should not worry.Automobile engineer Alwaz Pathan, one of 24 students
signatures
We were told that the job would be confirmed after a year-long probation
me they would settle the amount in my salary
recruited by the start-up had been taken for a ride
Mansuri said that they had first approached the cops in Sola, where the college is located, but they refused to accept the complaint