New Delhi: Finway Capital, a leading Non-Banking Financial Company (NBFC), filed a police complaint when fake representatives of Finway Capital came to its notice. The complaint was filed at Rajouri Garden Police Station, New Delhi, with immediate effect to make sure that the culprits do not get away with the financial fraud.

The modus operandi of the ‘fake representatives’ was to send an email from a fake Finway Capital mail ID and then follow it up with calls. They used to ask for the documents to be sent to them and a processing fee was charged that was transferred to the personal accounts of these fake representatives.

“We take such complaints very seriously and apart from defaming a company they are also endangering the security of the people being duped. The documents that they were demanding might have been used at the wrong places. I would suggest that people should verify all the details before giving away their documents to a person. People do need loan but that should not mean that they part ways with important documents and their hard earned money,” says Rachit Chawla, CEO, Finway Capital.

The company said that initially they came to know about one person but when they further investigated they got to know about more people involved. “Fearing that the racket might be a bigger one we decided to file a police complaint to safeguard the interests of the people and also of our company. We hope that such people will deter from involving in nefarious activities and that the consumers will be more alert,” said Chawla.

The company recently launched a mobile app called FLAP, which stands for Finway Loan Assist for Partners. The app is available on both iOS and Google Play store. FLAP is built using Machine Learning (ML) technology enabling the partners to get instant commission on leads generated by them. The loan agents will no longer need to raise an invoice and wait to receive payments as Finway will credit the amount directly to their bank accounts.