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Loan fraud gang busted, 3 nabbed in Hyderabad | Hyderabad News
HYDERABAD: Cyber Crime team of Cyberabad police have arrested three members of an inter-state gang of fraudsters operating from Bihar and duping people across the country in the guise of offering them loans.
Investigation into nine crimes registered at the Cyber crime police station in 2022 has led police to Nalanda, Forbesganj and Patna in Bihar. The gang members post advertisements on the internet posing as representatives of well-known private finance companies, offering loans to people.
When victims contact the fraudsters on the phone numbers given in the advertisements, they were immediately led into a trap with a a loan offer. “Once the victim’s confidence is gained, the accused ask them to pay money for processing the same,” they said.
In one of the cases, the fraudsters called the victim offering a loan of 1 lakh. Once the victim agreed to avail the loan, the fraudsters started asking him to pay registration fee, loan insurance fee and various other fees. The victim ultimately paid 4.37 lakh as the fraudsters kept on offering a higher loan amount, police said.
Based on the complaints lodged by the victims, police registered cases under Sections 420 of the IPC and Section 66-D of the IT Act. Police arrested the accused, Subash Kumar, Shreekant Kumar and Amit Kumar, who were working as call centre operators-cum-telecallers in Bihar, to trap the victims.
Police seized 17 debit cards, four smart phones, three bank passbooks and fake loan confirmation letters.
Investigation into nine crimes registered at the Cyber crime police station in 2022 has led police to Nalanda, Forbesganj and Patna in Bihar. The gang members post advertisements on the internet posing as representatives of well-known private finance companies, offering loans to people.
When victims contact the fraudsters on the phone numbers given in the advertisements, they were immediately led into a trap with a a loan offer. “Once the victim’s confidence is gained, the accused ask them to pay money for processing the same,” they said.
In one of the cases, the fraudsters called the victim offering a loan of 1 lakh. Once the victim agreed to avail the loan, the fraudsters started asking him to pay registration fee, loan insurance fee and various other fees. The victim ultimately paid 4.37 lakh as the fraudsters kept on offering a higher loan amount, police said.
Based on the complaints lodged by the victims, police registered cases under Sections 420 of the IPC and Section 66-D of the IT Act. Police arrested the accused, Subash Kumar, Shreekant Kumar and Amit Kumar, who were working as call centre operators-cum-telecallers in Bihar, to trap the victims.
Police seized 17 debit cards, four smart phones, three bank passbooks and fake loan confirmation letters.
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