Adyar cyber crime cell bust loan fraud racket operating out of Tiruchi
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They goal gullible victims in Chennai by providing them loans with out collateral.
Th cyber crime cell at Adyar busted a gang operating from Tiruchi which allegedly cheated many in Chennai by providing fast on-line loans with none collateral and accumulating processing charges.
In the final 10 months, the Adyar district police sealed 5 pretend name centres, which cheated many individuals by providing on-line loans and fraudsters who ran these centres had been detained underneath the Goondas Act. The police have now busted the gang operating from Tiruchi which focused gullible victims in Chennai.
The police stated the complainant Muralikrishna, 35, who runs a males’s hostel, was searching for a loan to increase his enterprise in Baby Nagar, Velachery, and likewise approached banks in 2019.
Learning about his requirement, an unknown individual known as him over the telephone and launched himself as a consultant from a number one finance agency. The caller provided a fast loan with none collateral and requested that Mr. Muralikrishna to pay a processing charge of 5% earlier than the disbursal of the loan. The complainant paid ₹20,000 on-line as processing charge for a loan of ₹4 lakh. But he didn’t get the loan disbursed as promised. Hence he lodged a criticism with the Deputy Commissioner of Police, Adyar, on April 20.
A particular workforce traced the fraudsters operating from Thillai Nagar, Tiruchi, and arrested three accused, together with Amarnath, 30, the mastermind behind the gang, and his associates — Sanjay, 27, and Sayad Abdullah, 27. They ran a name centre within the guise of a finance agency and picked up cash from loan aspirants as processing charge or insurance coverage after providing a loan with none collateral. The police seized laptops, cell phones, ATM playing cards, vehicles, gold jewelry and paperwork from them.
Two of them had been arrested by the Tiruvallur district police in 2019 for the same crime and had come out on bail just lately.
Deputy Commissioner of Police, Adyar, V. Vikraman stated there have been few individuals indulging in fraudulent actions by providing fast loans, jobs or facilitation for matrimony. Public had been requested to be extra vigilant with on-line transactions and confirm the authenticity of provides introduced to them, he stated.
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