Fraudster Nabbed: Manipulating Mudra Loans in Hyderabad

A man was arrested for allegedly defrauding people by promising assistance with Mudra loans. He collected money and documents from victims before vanishing. The alleged fraudster targeted women in need of business support. The Hyderabad police apprehended him, revealing his involvement in seven fraud cases.

A man accused of deceiving individuals by falsely offering to arrange Mudra loans was detained in Hyderabad, police disclosed on Monday.

The suspect, who has allegedly been linked to several fraud cases, utilized his knowledge of government schemes acquired through social media to swindle victims.

Focusing particularly on women, he exploited those in dire financial situations before evading capture until police intervened and apprehended him, uncovering seven fraud cases in the process.

(With inputs from agencies.)