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

Sunday, 26 November 2023
Over 100 students of a prominent Ahmedabad engineering college are caught up in an alleged scam involving a dubious Gurgaon startup that they claim misused documents taken for their employment to take education loans of Rs 2.1 lakh each, something they didn’t know 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. Gujarat police have so far not registered a case, saying “the offence is civil in nature”.

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Gujarat State in western India

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