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Hyderabad cops nab 2 in Delhi for loan fraud
Two officials of Delhi-based private firms were arrested from the national capital by the Hyderabad Cyber Crime Police for allegedly duping hundreds of people across the country of about Rs two crore by promising loans on low interest and collecting hefty processing fees.
The offenders offered huge personal loans at low interest rates and collected hefty processing fees from the victims and fled
Hyderabad: Two officials of Delhi-based private firms were arrested from the national capital by the Hyderabad Cyber Crime Police for allegedly duping hundreds of people across the country of about Rs two crore by promising loans on low interest and collecting hefty processing fees.
The Cyber Crime special team arrested Manish Tandon and Puneeth Mukhija, the managing trustee and the floor leader, respectively, of Priyansh Foundation, Dial Easy Network, Care India Foundation and some other firms based in Delhi, a release issued here stated.
Rs 28 lakh in cash, two laptops, two cell phones and 28 landline phones were recovered from the possession of the accused, the release said. Tele-callers employed by these firms offered personal loans at a low rate of interest and without any collateral. When someone expressed interest in obtaining a loan, he or she was asked to send ‘processing fee’ ranging between Rs 15,000 and Rs 5 lakh.
After receiving the money, the tele-callers changed their SIMs and become inaccessible, leaving the loan seeker high and dry. The Hyderabad police started probe after a local person filed a complaint. The accused were subsequently brought to Hyderabad on transit warrants.
The police said on October 17 one Nischal Narender Prashad of Gunfoundry lodged a complaint stating that in August this year he received phone calls in the name of Neha Gupta offering personal loan of Rs 10 Lakh at a lower rate of interest and easy processing from Kotak Mahindra Bank. Believing their version, he paid Rs 2,38,232 towards processing fee and other charges.
Later, when the complainant tried to contact them, they did not respond. He realised that he was cheated by them. During the investigation, the Cyber Crime special team examined the victim, collected relevant inputs and analysed CDRs of telephone numbers and other technical data.
The Cyber Crime team got clues about the location of the offenders in New Delhi and apprehended Manish Tandon and Puneeth Mukhija. So far, the duo cheated hundreds of gullible people all over India, including Telangana, Andhra Pradesh, Karnataka, Maharastra, West Bengal and Tamil Nadu.
The general public are cautioned to be careful while browsing the websites and social networks and not to fall to the lucrative offers and pay huge amounts to strangers and fraudsters.
