Bengaluru: Gang offered loans in crores, cheated innocents
The gand would escape with the 'processing fee' which would run into several lakhs.
BENGALURU: The Tilak Nagar police arrested a gang of five who used to dupe gullible people by offering loans worth several crores, but escaping with the “processing fee” which would run into several lakhs.
The arrested are Patrick Allenso (41) of Kalkere, Suresh Babu (49) of Marathalli, Shivaraj (51) of Tumakuru, Jnanesh (47) of Rajajinagar and Nagaraja Reddy (46) of Varthur after a a city-based businessman, Mohammed Arif, filed a complaint.
Mr Arif alleged in his complaint that Patrick, who run a company called ‘Spam Business Private Limited’, had taken Rs 25 lakh as fee to process a Rs 25 crore loan. After paying Patrick the entire processing fee amount, Mr Arif tried to contact him, but his calls went unanswered.
The Tilak Nagar police during the investigation found that the accused lured businessmen and gullible people offering them loans worth crores. The accused would book rooms in posh hotels in Hyderabad to impress their victims. They had also ventured into the real estate business to make a quick buck and lead a lavish life.
After receiving a tip-off on the whereabouts of the accused on December 3, a team of police based on mobile phone data zeroed in on the accused and arrested them. They told the police that they had bought nearly 100 SIM cards, imported cars and gold ornaments. “We suspect that they have duped many people," senior police officer said
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