Company Directors Nabbed for Crores in Loan Fraud Using Fake Purchase Orders

• Gurugram Police arrested a director from Coimbatore in a multi-crore loan fraud case.
• The accused allegedly duped a company by showing fake purchase orders to secure loans.
• The fraud involved a 2022 supply deal where no actual purchases were made after receiving funds.
• The arrested director, Prashant (45), is a 20% shareholder in City Mega Mart.
• Funds obtained were transferred to their own company and divided, with Prashant's share being around Rs 70 lakh.