Dehradun : Additional chief judicial magistrate Sanjay Singh has ordered police to register an FIR against employees of three direct sales agencies ( DSA ) in a matter of financial fraud.
According to the counsel of a nonbanking organization Fullerton India Credit Company Ltd ( FICCL ), personal loans of around Rs 5laich each were sanctioned to four applicants in 2021 on the recommendation of three DSAs Andromeda Sales & Distribution, My Mudra Fincorpa Pvt. Ltd and Corpus Data Information Pvt . Ltd.
After some time, the borrowers started defaulting on their EMI payments. The fraud control unit ( FCU ) of FICCLfound that all documents submitted by the DSAs were fake, as were the borrowers ‘ office addresses and residences.