Hyderabad: Loan agents gang that cheated people of Rs 5 Cr busted; 4 held
The gang has cheated 27 victims to the tune of Rs. 5 crore all over India
By Newsmeter Network Published on 25 March 2023 2:39 AM GMT
Hyderabad: Cyber Crime Police have busted a fake financial service call center and arrested four fraudsters from Haryana.
The gang has cheated 27 victims to the tune of Rs. 5 crore all over India.
The accused have been identified as Tarun Ojha, Proprietor of Magic Trip India; Guru Charan Singh, Partner of Magic Trip India; Yogendra Singh Badoria, Manager of Magic Trip India; and Shahadat Ansari, Team Leader in Magic Trip India. All of them are residents of Haryana.
Notices have been also issued to 8 telecallers in Delhi who cheated people across India on the pretext of providing loans.
Modus Operandi:
According to Hyderabad Cyber Crime DCP Sneha Mehra, the accused persons colluded among themselves and hatched a plan to cheat the people on the pretext of providing loans impersonating Reliance Capital Finance Services.
Initially, they started contacting the loan seekers through Calls/Whatsapp calls/messages/emails for which they ran a call center in Delhi offering them to provide loans with lower interest by impersonating themselves as reputed loan company employees.
"The gang is running the loan fraud call center in the name of Magic Trip India at Govindpuri, Delhi. They used to open bank accounts and procure SIM cards registered in the name of some unknown persons with fake addresses. They also created fake email IDs in the name of Reliance Capital Finance Company," said DCP.
The case:
The incident came to light after a case was lodged by an elderly person on December 29, 2022. He was duped of Rs 30 lakh. The senior citizen from Hyderabad who was looking for the loan was duped in the name of Reliance Finance Company.
"The gang cheated the loan seekers across India, by collecting registration fees, processing fees, contingency Development charges, GST, Income Tax, 3 installments in advance, etc for their loan process by sending fake loan approved letters. Whenever the victims detected their fraud, they stopped taking their calls," police said
Along with the Laptops, mobile phones, and CPU seizure, the police have also got copies of fake Loan Documents circulated by them to win the trust of the victims.
