New Delhi, April 29 -- In a recent financial fraud in Panchkula, a woman and her husband lost Rs.17.5 lakh to a man posing as an Indian Army captain. According to reports, the accused, identified as Sagar Guleria, allegedly convinced the couple to transfer a sanctioned personal loan amount to his account.

He claimed the transfer was necessary to help them access housing loan assistance and government subsidies. The incident offers crucial lessons for prospective personal loan and home loan borrowers to safeguard themselves from financial crimes and ensure a seamless borrowing experience.

Satpal Singh, a Naik in the Indian Army and his wife Manpreet Kaur were introduced to the accused Guleria through an acquaintance. During their initial...