Four arrested for cheating people on pretext of loan

Hyderabad, March 24 PTI Four persons who allegedly impersonated executives of a reputed loan company and cheated a senior citizen here of Rs 30 lakh on the pretext of offering him a loan for constructing a house have been arrested, Police said on Friday.

Hyderabad, March 24 (PTI): Four persons who allegedly impersonated executives of a reputed loan company and cheated a senior citizen here of Rs 30 lakh on the pretext of offering him a loan for constructing a house have been arrested, Police said on Friday. The arrested accused who include the proprietor, partner and two employees of a ''fake'' call centre run from Delhi, colluded among themselves and ''duped'' people on the pretext of providing loans on low interest rates, the police said, adding that notices were also issued to eight callers in connection with loan “fraud”.

The four were arrested based on a complaint from the senior citizen. The person had been looking for a loan to construct a house and browsed online, when he received a call from a person who introduced himself as an executive of the loan company and offered him a loan, police said.

The accused collected a total of Rs 30 lakh from the victim towards various charges such as registration fees, processing fee and on other pretexts for sanctioning the loan, and also sent him loan approval letters, a release from Hyderabad Police said.

After realising that the accused had sent him fake loan approval letters and stopped responding to his calls, the senior citizen lodged a complaint with Cyber Crime Police in December 2022, based on which a case was registered. During the course of the investigation, the four accused were arrested from different places, police said. The accused had been targeting loan seekers across the country and it is estimated that they had cheated as many as 27 victims to the tune of Rs 5 crore, police added.

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