Cybercrime police arrest three for fraud in Hyderabad

Hyderabad: The cybercrime police on Tuesday held three people in the city accused of cheating a person by promising him a bank loan and collected ₹ 9.50 lakh from on the pretext of ‘loan processing charges’.

The accused are identified as Vijay Dhawan (27), Kapil Tagore Age (28) and Abhay Verma (20). All are residents of New Delhi.

According to the police, a resident of Tarbun in Secunderabad lodged a complaint stating that the three persons had promised to arrange a loan from Bajaj Finance Ltd. The accused instructed the victim to transfer sums of money amounting to ₹ 9,44,351, claiming that these were charges for obtaining the loan.

Later, the person understood that he was cheated and lodged a complaint with the police who registered a case and began an investigation.

According to police, Dhawan, a native of Punjab, is the prime accused and mastermind. He allegedly worked for a call centre in the past where the management used to encourage tele callers to cheat the public by offering loans. He allegedly lost his job due to the pandemic, but continued with the same modus operandi on his own. He allegedly roped in the accused who called hapless victims and managed to collect sums of money in the name of loan processing charges. Among those the accused called was the victim.

Over eight mobile phones , 24 Debit/ Credit Cards of different banks, three bank pass books, 10 bank cheque books of different banks, Net cash of Rs. 2 Lakhs were seized by the police.