In a major loan fraud case, Bishal Bhuyan, accused of scamming over 400 people in the name of providing bank loans, was caught by residents of Borbam Chungi area and handed over to Jalukoni Police Station on Tuesday night.
Police confirmed that Bhuyan had no ties to any bank or financial institution. Along with others, he allegedly lured villagers—many of them women from Self-Help Groups (SHGs)—by promising easy loan approvals and collected large sums for “processing documents” and tax filings. However, no loans were ever sanctioned, leading to growing suspicion.
Villagers revealed that payments were made into the account of Bhuyan’s wife, Krishnakshi Bhuyan, raising further red flags. Another accused, Joilok Dutta, who operates a Customer Service Point (CSP) in the area, is alleged to have created forged tax files and fake documents at his center to support the scam.
After confronting Bhuyan, furious locals detained him and called the police. Residents claimed previous complaints were ignored, allowing the scam to flourish.
“We are tracing the money trail and other collaborators involved in this racket. All guilty parties will be brought to justice,” a police official said.
The case has sparked widespread anger in Titabor, with community members demanding severe punishment for those who exploited the financially vulnerable in the name of loans.
