62 arrested for running illegal loan racket

Hyderabad: The police yesterday arrested 62 people on charges of running illegal loan service call centres and cheating several people of Rs 25 crore. 

According to media reports, of the arrested, two were main accused, six team leaders and 54 tele-callers. They had cheated about 600 people after promising them of low interest and thus collecting their debit, PAN and Aadhaar details. The gullible customers were later made to deposit two months EMI amount in their bank accounts as security deposit.

Media reports said that the racket came to light when one of the victims found out that Rs 32,000 from his bank account had been fraudulently transferred to the account of the accused.

NT Bureau