| Name of Complainant | |
| Date of Complaint | January 12, 2026 |
| Name(s) of companies complained against | Matoshree Enterprises |
| Category of complaint | Banking |
| Permanent link of complaint | Right click to copy link |
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I, Nilesh Nandkumar Warankar, state that the accused Mr. Suyog Nilkanth Bhujbal, with dishonest and fraudulent intention, induced me to part with money on multiple occasions under two false pretences, namely loan settlement services and business/project investment, and subsequently misappropriated the entire amount.
A. Business / Project Investment Fraud
In May 2023, the accused approached me with a business/project proposal and induced me to invest money, assuring returns and execution of the project. A formal agreement was shared by me for documentation of the project.
On 05 May 2023, the accused explicitly confirmed in writing via email stating:
“Yes, I confirm. Please proceed.”
Only after this written consent, I transferred a total amount of ₹2,50,000/- (Rupees Two Lakh Fifty Thousand Only) in two IMPS transactions on 05–06 May 2023, clearly mentioning “Investment” in the transaction remarks.
Despite repeated follow-ups, the accused neither executed the project nor returned the invested amount, thereby committing criminal breach of trust and cheating.
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B. Loan Settlement & Credit Card Settlement Fraud
Subsequently, from September 2023 onwards, the accused induced me to make further payments under the false promise of settling my bank loans, SBI Credit Card dues, and OneCard dues at reduced amounts.
Believing his representations, I transferred multiple amounts to him through Google Pay / PhonePe (UPI). The accused repeatedly assured me that settlements were in progress; however:
• No loan was ever settled
• No official settlement letters were provided
• No refund was made
The accused continued to demand money and gave false assurances, and later avoided calls and messages.
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C. Mens Rea & Continuing Offence
The repeated inducement, receipt of money over a prolonged period, and total failure to perform any settlement or refund establish that the accused had dishonest intention from the inception, amounting to a continuing offence of cheating and criminal breach of trust, causing me severe financial loss, mental harassment, and emotional distress.
