Summary:
Three applicants paid Murthy Rs7.30 lakh hoping that he would complete the formalities for clearing loan.As the applicants mounted pressure on Murthy, the accused avoided them by switching his cellphone off. Murthy later put up posters and distributed pamphlets luring citizens with job offers and loans.Police said Murthy recruited several people at his office but no one ever got paid. He also got the office furnished, but is yet to settle the dues of the carpenter, furniture suppliers and others. He later demanded 1% of the amount, along with the cost of stamp duty from every applicant. After making futile attempts to track him, the accused approached Sonegaon police station where an offence was registered by PSI RN Shejaw..