Five more detained in Crackdown on loan application in Hyderabad – The New Indian Express

By Express press service

KADAPA: The crackdown on organizers of loan applications and those who facilitate or support them continued Tuesday with the arrest of five people by state police, including one who ran a call center not licensed in Madhapur in Hyderabad.

The accused, S Sai Kumar, was running the call center and phoning the borrowers to demand repayment of the loan amount. He even intimidated borrowers, in addition to sending derogatory messages to their family members and friends.

Kadapa District Superintendent of Police KKN Anburajan said he received a complaint from Bandi Sai Kumar Reddy of CK Dinne mandal against harassment from loan application organizers. Special teams were formed to investigate the case and the accused was arrested.

The plaintiff, who works as a marketing manager in a cement factory, applied for a loan of Rs 95,000 from the ‘Rupees Cash – Rupees Loan’ app by uploading his phone number and Aadhaar card details. The app organizers credited Rs 65,000 to Reddy’s account.

Although Reddy paid more than Rs 3.71 lakh across 52 deals, organizers continued to harass him to pay another Rs 99,000. They threatened to send messages to family members and friends of Reddy calling him a cheater. By tracing the UPI IDs and account numbers used by the organizers, police identified the defendants.

One of them, Sai Kumar, ran ITEDON Solutions Private Limited, an unlicensed call center in Madhapur. He received the amount transferred to the accounts of his employee and his friends. After taking the commission, he was transferring the same to the app organizers.

The SP said it identified transactions worth Rs 5 crore made through the accounts of Sai Kumar’s employees and friends. The sum was transferred to the account of the organizers of the application. The main defendants in the case have been identified as Anbu from Tamil Nadu and John Yadav from Rajasthan. Apart from Sai Kumar from Kothagudem district in Telangana, police arrested J Siva from Nagarkurnool, Palakollu Sai Teja from Kothagudem, N Naveen Goud and P Srikanth from Hyderabad.

The SP urged people not to provide their bank details and OTPs to any other second person, known or unknown, who could not only lead the flow of money from innocent people to cheaters. Tough action would also be taken against ITEDON Solutions Private Limited and other defendants in the case.

KADAPA: The crackdown on organizers of loan applications and those who facilitate or support them continued Tuesday with the arrest of five people by state police, including one who ran a call center not licensed in Madhapur in Hyderabad. The accused, S Sai Kumar, was running the call center and phoning the borrowers to demand repayment of the loan amount. He even intimidated borrowers, in addition to sending derogatory messages to their family members and friends. Kadapa District Superintendent of Police KKN Anburajan said he received a complaint from Bandi Sai Kumar Reddy of CK Dinne mandal against harassment from loan application organizers. Special teams were formed to investigate the case and the accused was arrested. The plaintiff, who works as a marketing manager in a cement factory, applied for a loan of Rs 95,000 from the ‘Rupees Cash – Rupees Loan’ app by uploading his phone number and Aadhaar card details. The app organizers credited Rs 65,000 to Reddy’s account. Although Reddy paid more than Rs 3.71 lakh across 52 deals, organizers continued to harass him to pay another Rs 99,000. They threatened to send messages to family members and friends of Reddy calling him a cheater. By tracing the UPI IDs and account numbers used by the organizers, police identified the defendants. One of them, Sai Kumar, ran ITEDON Solutions Private Limited, an unlicensed call center in Madhapur. He received the amount transferred to the accounts of his employee and his friends. After taking the commission, he was transferring the same to the app organizers. The SP said it identified transactions worth Rs 5 crore made through the accounts of Sai Kumar’s employees and friends. The sum was transferred to the account of the organizers of the application. The main defendants in the case have been identified as Anbu from Tamil Nadu and John Yadav from Rajasthan. Apart from Sai Kumar from Kothagudem district in Telangana, police arrested J Siva from Nagarkurnool, Palakollu Sai Teja from Kothagudem, N Naveen Goud and P Srikanth from Hyderabad. The SP urged people not to provide their bank details and OTPs to any other second person, known or unknown, who could not only lead the flow of money from innocent people to cheaters. Tough action would also be taken against ITEDON Solutions Private Limited and other defendants in the case.

Comments are closed.