Held for duping 30 in ‘iPhone loan’ scam; woman pays EMI, gets neither phone nor cash

A woman who urgently needed money was allegedly advised to take a fake loan for an iPhone purchase and promised to be given the money from the showroom once the loan was sanctioned in her name and the money was credited to the store’s account.

However, she neither got the money nor the iPhone. Instead, as per the loan terms, an EMI was deducted from her account prompting her to lodge a complaint against the man who allegedly cheated her.