Dhani Instant Personal Loan: Hyderabad cops arrest 4 persons
The police said there might be more cases yet to come out
By Newsmeter Network Published on 22 July 2024 1:51 PM GMT
Hyderabad: The Cyber Crime Police arrested four persons from Delhi in a loan fraud case. The accused are said to be involved in 24 cases in Telangana State and 401 cases across India.
The police said there might be more cases yet to come out.
Case details
The accused have been identified as Manish Kumar (29), Akash Kumar (24), Kundan Kumar (28) and Venkatesh Manij Rathode (21). Apart from Venkatesh Manij Rathode who is from Telangana, the rest are from Bihar.
The police were alerted when one of their victims, a resident of Bahadurpura, approached them stating that he had lost more than Rs 1 lakh in the fraud.
The victim said he had received a call from āDhani Instant Personal Loanā offering a loan of Rs 2 lakhs. Believing the offer, he submitted his Aadhaar Card, PAN card and other documents. After that, they extracted an amount from the complainant in the name of processing charges, GST Tax, TDS Tax, SGS Tax, late penalty charges, clearance charges, NOC charges and cheque clearance charges and duped the complainant to the tune of Rs 1,20,340.
The police said a case has been registered and an investigation is on.
Modus Operandi
Here are steps people can watch out for to protect from online scams.
- Scammers pose as representatives of reputable financial institutions or loan companies, for example, Dhani and Indiabull Loans.
- They contact victims through phone calls, emails or social media, offering personal loans with low interest rates and flexible repayment terms.
- Victims are asked to provide personal information, including sensitive financial data, and to pay a fee in the name of processing charges, taxes, NOC and clearance charges to secure the loan.
- Pressure to make quick decisions without proper documentation or loan agreements.
- Once the victim pays the fee, the scammers disappear with the money, leaving the victim with no loan and compromised personal information.
Here are tips to protect yourself
- Be cautious of unsolicited loan offers.
- Verify the authenticity of loan providers with regulatory agencies or financial institutions.
- Never share personal information or make payments without proper documentation and loan agreements.
- Immediately report suspicious cybercrime activities on helpline number 1930 or the National Cybercrime Reporting Portal.
